Friday, April 17, 2026
  • Login
The Southern African Times
  • Home
  • Southern Africa
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Technology
    • Lifestyle
      • Health
      • Culture
      • Food and Drink
      • Entertainment
  • Opinion
  • Sports
  • SAT Jobs
    • Events
  • About Us
    • Advertise with Us
    • Contact Us
No Result
View All Result
  • Home
  • Southern Africa
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Technology
    • Lifestyle
      • Health
      • Culture
      • Food and Drink
      • Entertainment
  • Opinion
  • Sports
  • SAT Jobs
    • Events
  • About Us
    • Advertise with Us
    • Contact Us
No Result
View All Result
The Southern African Times
No Result
View All Result
Home Finance

Zambia Seeks Zimbabwe’s Backing for AfDB Presidency Candidature

by SAT Reporter
July 22, 2024
in Finance
0
Zambia Seeks Zimbabwe’s Backing for AfDB Presidency Candidature

Zambia has formally sought Zimbabwe’s support for its candidate in next year’s African Development Bank (AfDB) presidential elections, according to Zimbabwe’s Foreign Affairs and International Trade Minister, Ambassador Frederick Shava.

Speaking after attending the 45th Ordinary Session of the African Union (AU) Executive Council in Accra last week, Minister Shava disclosed that his Zambian counterpart, Mr Mulambo Haimbe, had made the request ahead of the elections scheduled for May 2025.

The AfDB, as Africa’s largest development bank, is instrumental in financing infrastructure projects and economic development initiatives across the continent. Zambia’s early approach highlights the strategic importance of securing regional allies in such significant elections.

ADVERTISEMENT

“They are the first to approach us, so we have promised them our support. While there may be others in the future, we consider our support for Zambia crucial because they are our neighbour,” said Dr Shava.

In addition to Zambia’s request, Zimbabwe has also received a solicitation from Algeria for its backing in the election of the deputy chairperson of the African Union Commission, also slated for next year.

Dr Shava mentioned discussions with the South Sudanese Deputy Minister of Foreign Affairs, which included the possibility of a State visit to Zimbabwe by South Sudanese President Salva Kiir Mayardit. “I also discussed various issues with the Deputy Minister of South Sudan, including a potential State visit to Zimbabwe by President Salva Kiir and cooperation in education,” he added.

Further engagements with the Algerian Foreign Minister involved discussions on the revival of the Joint Permanent Commission on Cooperation (JPCC) between Zimbabwe and Algeria, which last convened in 2009. Minister Shava noted the importance of this bilateral mechanism and proposed a mid-term review to assess progress, potentially to be held in Harare.

“The Algerian minister requested support for their candidacy for the position of deputy chairperson of the African Union Commission . . . we have also indicated our support for her,” he stated.

The AU Executive Council, as reported by Dr Shava, reviewed the AU’s 2025 budget, which will be presented for adoption at the 38th Ordinary Session Summit of Heads of State and Government in February next year. The summit will be held under the theme “Building a United Front to Advance the Causes of Justice and Reparation for Africa”.

Additionally, Dr Shava highlighted the successful conduct of the Pan-African Parliament Bureau elections held in March 2024, where Zimbabwe’s Chief Fortune Charumbira was elected president.

These developments reflect ongoing diplomatic activities and strategic alliances as African nations prepare for significant elections and cooperative initiatives in the coming years.

Tags: bankingBusinessFinanceZambiaZimbabwe
Previous Post

Egypt Leads African Economies in FDI Despite Regional Decline

Next Post

Botswana to Enhance Coal Exports with New Mozambique Port and Rail Project

SAT Reporter

Related Posts

AfDB, European Stability Mechanism Sign Cooperation Pact
Finance

AfDB, European Stability Mechanism Sign Cooperation Pact

by SAT Reporter
April 17, 2026
Afreximbank Launches US$10bn Gulf Crisis Support Programme
Finance

Afreximbank Launches US$10bn Gulf Crisis Support Programme

by SAT Reporter
April 16, 2026
Nicholas Mukasa appointed Bank of Namibia Deputy Governor
Finance

Nicholas Mukasa appointed Bank of Namibia Deputy Governor

by SAT Reporter
April 15, 2026
National Building Society celebrates 10 year anniversary of banking prowess
Finance

National Building Society celebrates 10 year anniversary of banking prowess

by SAT Reporter
April 13, 2026
Sub Saharan Africa Growth Outlook Holds at 4.1 Per Cent as Global Pressures Persist
Finance

Sub Saharan Africa Growth Outlook Holds at 4.1 Per Cent as Global Pressures Persist

by SAT Reporter
April 9, 2026
Next Post
Botswana to Enhance Coal Exports with New Mozambique Port and Rail Project

Botswana to Enhance Coal Exports with New Mozambique Port and Rail Project

Browse by Category

  • Africa AI
  • African Continental Free Trade Area
  • African Debt
  • African Start ups
  • Agriculture
  • AI Africa
  • Algeria
  • All News
  • Analysis
  • Angola
  • Arts / Culture
  • Asia
  • Botswana
  • BOTSWANA
  • BREAKING NEWS
  • BRICS
  • Burkina Faso
  • Burundi
  • Business
  • Business
  • Business Wire
  • Cameroon
  • Central Africa
  • Chad
  • China
  • Climate Change
  • Climate Changev
  • Community
  • Congo Republic
  • Conservation
  • Côte d’Ivoire
  • COVID 19
  • CRYPTOCURRENCY
  • Culture
  • Democratic Republic of Congo
  • Diplomacy
  • Eastern Africa
  • Economic Development
  • Economy
  • Education
  • Egypt
  • Elections 2024
  • Energy
  • Entertainment
  • Environment
  • Eritrea
  • Ethiopia
  • Europe
  • Fashion
  • Feature
  • Finance
  • Financial Inclusion
  • Food
  • Food and Drink
  • Foods
  • GABON
  • Ghana
  • Global
  • Global Africa
  • Guinea
  • Health
  • Immigration
  • in Southern Africa
  • International news
  • International Relations
  • Ivory Coast
  • Just In
  • Kenya
  • Lesotho
  • Libya
  • Life Style
  • Lifestyle
  • Literature
  • Malawi
  • Malawi
  • Mali
  • Markets
  • Mauritius
  • Middle East
  • Mining in Africa
  • Morocco
  • Mozambique
  • Namibia
  • Niger
  • niger
  • Nigeria
  • North Africa
  • North-Eastern Africa
  • Obituaries
  • Obituary
  • Opinion
  • PARTNER CONTENT
  • Politics
  • Property
  • Racism
  • Rwanda
  • Rwanda
  • SADC
  • SAT Interviews
  • SAT Investigation
  • SAT Jobs
  • Saudi Arabia
  • Senegal
  • Seychelles
  • South Africa
  • South Sudan
  • Sports
  • Startup Africa
  • STOCK EXCHANGE
  • Sudan
  • Sustainability
  • Sustainablity
  • Tanzania
  • Technology
  • Telecommunications
  • The Editorial Board
  • The Power Of She
  • Togo
  • Trade
  • Travel
  • Travel
  • Tunisia
  • Uganda
  • Uncategorized
  • Wealth
  • West Africa
  • World
  • World
  • Zambia
  • ZAMBIA
  • Zimbabwe
  • ZIMBABWE

Browse by Tags

#NewsUpdate #SouthAfrica #SouthernAfricanTimes #TheSouthernAfricanTimes AfCFTA africa African Continental Free Trade Area African development African Development Bank African economies African economy African Union Agriculture Angola Botswana Business China Climate change Cyril Ramaphosa Economic Development economic growth energy transition fiscal policy food security industrialisation Inflation Infrastructure Development International relations Investment Kenya Mozambique Namibia news Nigeria Regional Integration renewable energy Rwanda SADC South Africa Southern Africa sustainable development Tanzania United States Zambia Zimbabwe
ADVERTISEMENT

WHO WE ARE

The Southern African Times is a regional bloc digital newspaper that covers Southern African and world news. The paper also gives a nuanced analysis on news and covers a wide range of reporting which include sports, entertainment, foreign affairs, arts and culture.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

  • Home
  • Southern Africa
  • Business
    • African Start ups
    • African Continental Free Trade Area
  • Technology
    • Lifestyle
      • Health
      • Culture
      • Food and Drink
      • Entertainment
  • Opinion
  • Sports
  • SAT Jobs
    • Events
  • About Us
    • Advertise with Us
    • Contact Us
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?