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Export-Import Bank of China

Zimbabwe starts paying Zambia debt

Zimbabwe’s state utility ZESA said it had started paying a $70 million debt to Zambia, a necessary step before the two nations can embark on a joint 1,600 megawatt hydroelectric plant, which could help relieve a power shortage.

Outrage over Chinese loan for diamonds deal

Government’s decision to borrow close to $100 million to finance the military has caused outrage. Debt strategists, civil society, professional unions and ordinary Zimbabweans are querying the coalition government’s prioritisation