Haemorrhaging support from Nigerian Christians after he chose a Muslim northerner as his running mate, 2023 presidential candidate Bola Tinubu ... has appointed the Christian governor of Plateau State in central Nigeria as his campaign manager to help turn his fortunes around. Can Simon Lalong reverse the tide?
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.
Understand Africa's tomorrow... today
We believe that Africa is poorly represented, and badly under-estimated. Beyond the vast opportunity manifest in African markets, we highlight people who make a difference; leaders turning the tide, youth driving change, and an indefatigable business community. That is what we believe will change the continent, and that is what we report on. With hard-hitting investigations, innovative analysis and deep dives into countries and sectors, The Africa Report delivers the insight you need.View subscription options