World Bank
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Business Briefs
Zambian Marjorie Mpundu appointed World Bank country manager for Zimbabwe
A Zambian national, Marjorie Mpundu replacing outgoing Kenyan Mukami Kariuki as World Bank country manager in Zimbabwe. Mpundu who is a lawyer by training and will be taking over from Kenyan national Mukami Kariuki who officially finishes her tour of duty tomorrow. The global monetary fund organization announced the changes in a letter dated 28 July 2021 addressed to “all…
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Zimbabwe’s economy growing faster than its neighbours: World Bank
By Nompumelelo Sibanda THE World Bank predicts Zimbabwe’s economy will grow 3.9% this year and that if sustained, this momentum will impact positively on the lives and livelihoods of people of Zimbabwe. The report says Zimbabweans living in rural areas are doing better than their counterparts in the urban areas thanks to subsistence farming. Mukami Kariuki, who heads the World…
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Tendai Biti’s letter to World Bank blocking COVID-19 aid to Zimbabwe
In May 2020, the World Bank dipped into a special health fund to provide US$7 million to Zimbabwe to help the country fight the spread of coronavirus. The US$7 million is made up of US$5 million from the World Bank’s Global Financing Facility Trust Fund and a further US$2 million that is being diverted from the World Bank’s Zimbabwe Idai Recovery Project. On May 21,…
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