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Zimbabwe gets $108 million from AfDB for electricity, water

By MacDonald Dzirutwe
Posted on Wednesday, 10 December 2014 07:29

Finance Minister, Patrick Chinamasa said the money would be used to repair the Kariba Dam, which generates most of the country’s power, and to fix electricity transmission lines.

Infrastructure is critical and a priority in the resuscitation of our economy

Water supplies in the second largest city Bulawayo and a smaller town would also be improved.

“I am very pleased that this assistance has come at the right time.

“Infrastructure is critical and a priority in the resuscitation of our economy,” Chinamasa told reporters.

The southern African country owes foreign creditors like the AfDB, World Bank and International Monetary Fund, $9 billion, which has prevented it from accessing fresh loans required to rebuild roads, schools and hospitals.

Zimbabwe is projected to spend 81 percent of its national budget on salaries for state workers next year, leaving little to develop infrastructure.

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