News
Market
Jobs
About
Contact
List Product
Register
Login
Generate
WhatsApp Message
*Zimbabwe Wants To Borrow $2,5 Billion From China* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ub Speaking on the sidelines of the 2018 Beijing Summit of the Forum on China-Africa Co-operation (FOCAC), Patrick Chinamasa, who is part of President Mnangagwa’s delegation in China said Zimbabwe wants to borrow at least $2,5 billion from major Chinese banks. Chinamasa said the loan will be used to support productive sectors, tourism, mining, industry, agriculture and manufacturing among others. Said Chinamasa: ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > 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. We (Chinamasa and Reserve Bank of Zimbabwe governor John Mangudya) did not go to FOCAC today, we have spent the day engaging a number of Chinese financial institutions. For instance, we have met ICBC and others, which we would not want to mention at the moment. Chinamasa also said Zimbabwe is looking to take advantage of the $60 billion facility for African countries announced by Chinese President Xi Jinping during the official opening of FOCAC 2018 on Monday. *Also Read:* *“Mnangagwa Should Not Appoint A Lawyer As Minister Of Finance”* *Govt To Hire Consultant To Recalculate Interest On $1.4 Billion RBZ Debt, Worried It May Have Overpaid* More: Chronicle _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