News
Market
Jobs
About
Contact
List Product
Register
Login
Generate
WhatsApp Message
*Govt Makes U-Turn, Denies Ever Making Request To Borrow $2.5 Billion From China* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ux Minister of Foreign Affairs and International Trade, Sibusiso Moyo has denied that the government ever engaged China to borrow at least $2.5 billion from major Chineses banks. This is despite the fact that former Minister of Finance and Economic Planning, Patrick Chinamasa made statements at the 2018 Beijing Summit of the Forum on China-Africa Co-operation (FOCAC) that the government was looking for $2, 5 billion lines of credit. Said Chinamasa then, > We are looking for lines of credit, and we have been having those discussions on the sidelines of 2018 FOCAC, but there is nothing that we can tell until they have come to fruition. We are looking at $2, 5 billion lines of credit to support the entirety of the productive sectors, tourism, mining, industry, agriculture and manufacturing among others. However, while speaking to The Zimbabwe Independent, Moyo expressed ignorance saying, ---------- Pindula is best experienced with the Android App. *Download APK here:* https://zero.pindula.co.zw/media/apps/apks/pindula23.apk _On Econet, Pindula does NOT use your data_ ---------- > We never made a request for that bailout from China. We only read about it in the Press. We, however, agreed on many aspects relating to funding of several infrastructure projects and we are excited about those. China is reported to have turned down the request due to dissatisfaction after Zimbabwean officials failed to show commitment to settling arrears. More: The Zimbabwe Independent itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
Copy to clipboard
Give us Feedback
Full Name
WhatsApp Number
Feedback
Submit
Feedback