Zimbabwe seeks AfDB loan to break debt deadlock

Zimbabwe is negotiating a $150 million loan from the African Development Bank to help clear billions in debt arrears, Finance Minister Mthuli Ncube confirmed. The talks add to parallel engagements with the UK, Japan, and Germany flagged in April. The regime's strategy hinges on securing bridge financing to unlock broader restructuring, but creditors remain wary of Harare's repayment credibility.