Although his sentence was reduced, former cabinet director Vital Kamerhe has been found guilty of “misappropriation” of public funds. His ... party, the "Union pour la Nation Congolaise" (UNC), has denounced this “political trial” and threatened to “no longer participate in [state] institutions.” This could cause further upheaval within the ruling “Union Sacrée” alliance
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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