Zambia/Zimbabwe: Financing approved for Kariba dam repairs

Financing totalling $135.6m has been approved for the rehabilitation of the Kariba storage hydropower scheme on the Zambezi River between Zambia and Zimbabwe. The World Bank announced on 9 December that it had agreed to provide a $75m International Development Association credit to the Zambezi River Authority (ZRA), with a $25m grant to be provided by the government of Sweden to Zambia.