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Zimbabwe Gets China, India Loans to Boost Power Generation

by Eric Olander

[ZIMBABWE CHRONICLE] Zimbabwe has obtained three separate loans of just over US$108,3 million from the Export-Import Bank of China and Export-Import Bank of India to be used for power generation projects and broadband expansion.

Government tied a loan agreement with the Export-Import Bank of China of ¥465 050 000 (US$65 852 350) on June 26, while the Exim-Import Bank of India released two loans of US$23 million and US$19,5 million. 

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