Zimbabwe secures $108 mln to fix power crisis

Zimbabwe’s government said it has secured combined loans of $108 million from the Export-Import Bank of China and Export-Import Bank of India to fix its power crisis. The state-run Herald newspaper reports that the government concluded the loan agreements in the last few months. The loans according to government officials should significantly help to the country’s power generation projects and broadband expansion. Areas to receive boost and upgrade according to the government are Bulawayo and Hwange. Zimbabwe has been experiencing power crisis since May this year, with parts of the…

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