Moza facility

The African Development Bank’s (AfDB) US$40 million loan to Mozambique’s State-owned rail and port authority, Portos e Caminhos de Ferro de Moçambique EP (CFM), will help neighbouring countries, including Zimbabwe, the regional bank has said. The commitment by the AfDB is a corporate loan that will enable CFM to finance the purchase of rolling stock (locomotives, wagons and tank containers) for its main corridor, the Ressano Garcia railway line. This line generates more than 90%…