Charles Mangwiro

Charles Mangwiro

    Zimbabwe has paid back $650 000 in arrears to the African Development Bank (ADB), despite vast economic problems at home, as part of efforts to meet commitments to donors, the bank said on Monday. "Zimbabwe has in all paid $650 000 to the bank group despite numerous economic challenges," the bank said.

    Mozambique's target of 8% economic growth this year is realistic despite floods and cyclones which hit the country this year, a World Bank official said. The World Bank's Mozambique director Michael Baxter also said inflation, which stood at 8,4% in 2007, could be kept in single digits in 2008.