Zimbabwe: Harare Still to Receive U.S.$144 Million From China
26 March 2012
allAfrica.com - March 26, 2012
HARARE is still to receive the US$144 million water and sanitation loan from China several months after the deal was sealed.
The full council meeting last Thursday approved another US$100 million loan for water and sanitation from the Development Bank of Southern Africa raising.
This has raised fears the city was trying to drop the Chinese loan.
Town House sources are worried that Harare has no capacity to absorb a US$244 million loan for water and sanitation.