BREAKING NEWS – China Gives $153 million, Mnangagwa Govt Refreshed With 20 Yr Ln
6 December 2017
Business Reporter| A top Chinese business delegation has just announced a $150million loan to the Zimbabwean government.
The new government led by President Emmerson Mnangagwa was this morning told it can be repaid in 20 years.
This was announced at a function in Harare attended by Finance Minister Patrick Chinamasa as he shared a table with a Chinese business representative. FOLLOW THE UPDATES HERE –
10 Replies to “BREAKING NEWS – China Gives $153 million, Mnangagwa Govt Refreshed With 20 Yr Ln”
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They are giving Zimbabwe some “change” from the billions of dollars of diamonds they looted.
Cde i can bet you mamwe these days haana mhodzi especially this one
Komba ose manhanga, hapana risina mhodzi.
You could be spot on on the issue of auctioning of mineral resources
150 million cannot revive this economy,be-careful of the Chinese,something is brewing i hope we are not auctioning our mineral resources if not the whole country for a mere 150 M,the Chinese have never gave us something meaningful,no meaningful development except plundering our minerals.It is clear at this juncture there is need for a shift in policy the west are a better option.
This is nonsense ,we need serious players to revive this economy and with this pittance it is now apparent that the West is our salvation in this jam the country is facing.
If just $153m can be breaking news, imagine if the $15bn was not smuggled while mgabe was asleep in that cabinet meeting of thieves. Chombo chembavha dzamgabe.
We want the money that was stolen by Grace Marufu Goreraza.
This is good news… President tachikumbira kuti mari iyi isasangana nema bond notes tapota
While it may sound a good development, but ask yourself this question, “Will Munangagwa be still in power in 20 years time? Zimbabwe must be managed as a business when upon borrowing any money, they in turn make huge profits out of it and then be in a powerful position to pay it back.That is why business minds are needed, otherwise without that we are doomed.One morning we will wake up to find out that we are squatters in our own land.The Chinese will be our land lords.They will dictate terms to us, because we would be indebted to them.