Drowning under US$206m DBSA loan, ZINARA disburses US$137m for roads
The Zimbabwe National Road Authority (ZINARA) is set to disburse ZWL 17 billion (US$137 096 774) towards road rehabilitation to 93 road authorities across the country.
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The Zimbabwe National Road Authority (ZINARA) is set to disburse ZWL 17 billion (US$137 096 774) towards road rehabilitation to 93 road authorities across the country.
The Zimbabwe National Road Administration (Zinara) has repaid half of the $206 million loan from the Development Bank of Southern Africa (DBSA), secured to finance the rehabilitation of the 860 km Plumtree – Harare – Mutare Highway.
The cash-strapped government has said money collected by the Zimbabwe National Roads Administration (Zinara) was not enough to rehabilitate the bad road network across the country.
The Development Bank of Southern Africa (DBSA) is set to inject over $190 million towards the construction of a new power transmission line linking Mozambique, Zimbabwe and South Africa (MoZiSa).
By Tendai Mugabe South African businessman Mr Niko Shefer is reportedly siphoning millions of dollars from the Zimbabwe National Roads Administration as facilitation fee for the $206 million loan accessed from the Development Bank of Southern Africa (DBSA) to refurbish the Plumtree-Mutare Highway. It emerged Zinara is depositing a staggering $300 000 in Mr Shefer’s […]
A recapitalisation deal for the National Railways of Zimbabwe (NRZ) has been stalled by a procurement dispute between government and the Development Bank of Southern Africa (DBSA).
A Zimbabwe state mechanism designed to promote food security is being blamed for exacerbating the country’s chronic food shortages.