Zimbabwe has paid back 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 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.
A Chinese ship carrying arms to Zimbabwe, which was turned away from South Africa, is heading to Angola in hopes of docking there, the transport minister of Mozambique said on Saturday. The ship left South African waters on Friday after a court refused to allow the weapons to be transported across South Africa.