Chinamasa Negotiating for $2.5 Billion Loan From China
5 September 2018
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Government is looking to borrow up to $2.5 billion from China to fund the entirety of the productive sectors, tourism, mining, industry, agriculture and manufacturing among others, Finance Minister Patrick Chinamasa has said.

Chinamasa who is part of President Emmerson Mnangagwa delegation to the Forum for China-Africa Co-operation (FOCAC) in Beijing was quoted in Chronicle saying they have engaged a number of financial institutions including Afreximbank to secure the money they say will kick start the economy.

”We are looking for lines of credit and we have been having those discussions on the sidelines of the 2018 FOCAC but there is nothing we can tell until they have to fruition.

”we are looking at $2.5 billion lines of credit to support the entirety of the productive sectors, tourism, mining, industry, agriculture and manufacturing among others,” Chinamasa told the Chronicle.