20 February 2018
   
No civil service wage hike: Chinamasa
Moyo, Zhuwao blast AU for ED support
Chamisa rejects MDC-T congress demands
- Maintains he was anointed by ex-PM
Thousands bid Tsvangirai farewell
Tsvangirai’s mother, wife in more drama
- Bulawayo: Many travel to Buhera
Moz: 17 killed in garbage dump collapse
MORE NEWS
Stay out of politics, foreign warned
Govt plans tobacco, gold diaspora bonds
MORE BUSINESS
How exile shaped Hugh Masekela
Tsvangirai: SABC axes Zim-born presenter
MORE SHOWBIZ
Rusike still has Europe in his sights
'Liverpool squad best I've coached'
MORE SPORTS
New era: Changing Zimbabwe’s past
When Zimbabwe was world's freest economy
MORE OPINION
 
MDC-T succession: heads or tails?
Tamborinyoka on boss Tsvangirai
MORE COLUMNISTS
 
 

China extends $153m loan for Mugabe airport, new parliament

06/12/2017 00:00:00
by Business reporter
 
 
RELATED STORIES
Zim back in business, vows Chinamasa
Xi to Bob: China on your side all the way
Chinese too smart for Mugabe, says Musewe
Bob rejects China's bid for Kamativi favours
China influence high in Zimbabwe: Report
Chinese take over former white owned farms
China donates 20 000 tonnes of rice
China marks muted 120th birthday of Mao
Chinese vice premier arrives for visit
Chinese companies not comrades: Biti
China can transform Africa: Moyo
China, Zimbabwe trade to hit US$1bln
Yuan under pressure as growth slows
Zimbabwe defaults on $200m China loan
PM draws fire over China delegation size
Zimbabwe trade with China tops US$800m
Chinese firms face worker abuse probe
Chinese couple cleared in US$500k swindle
SMEs squeezed by Chinese invasion
Chinese companies 'bleeding' economy
Mugabe seeks China, Russia protection
China keen to expand economic ties
Mugabe an 'old friend': China
Tutu fury over Dalai Lama visa snub
China's critics doing US bidding: AGO
China extends US$700m loan to Zim
Chinese Foreign Minister in Zim
China eyes US$3bn platinum investment
Hu Jintao pledge after Mugabe talks
Mugabe hails 'all weather friend' China

CHINA has extended a $153 million loan for the construction of Zimbabwe’s new parliament and the rehabilitation of the Robert Mugabe International Airport.

The loan, which has a 20 year repayment period including a seven (7) year grace period, has an interest rate of 2% per year.

Receiving the grant at his government offices, Wednesday, Finance minister Patrick Chinamasa said it took government 5 years to negotiate the loan deal.

“This is part of the negotiations we started in 2013 which were also cemented by the state visit by his excellence MR X1Jingping in  December 2015, where he also pledged to support the construction of a new parliament,” said Chinamasa.

The new parliament, to be built in Mount Hampden in Harare, will have a holding capacity of 650 members of parliament.

Chinamasa said the deal was the country’s first investment deal under the leadership of President Emmerson Mnangagwa.

“We are back on the economic track and we are ready to get the economy moving and you are going to see more investment deals being penned in the not far future,” he said.

 



Advertisement


 
Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it

Del.icio.us

Reddit

Newsvine

Nowpublic

Stumbleupon

Face Book

Myspace

Fark

 
 
 
comments powered by Disqus
 
RSS NewsTicker