CHINESE DEBT CHOKES HARARE COUNCIL
HARARE City Council (HCC) is swimming in debts running into
billions of Zimbabwe dollars and is yet to pay part of the US$72,2 million it
owes the China Exim Bank for the refurbishment of Morton Jaffray Waterworks.
A council finance and development c…
HARARE City Council (HCC) is swimming in debts running into
billions of Zimbabwe dollars and is yet to pay part of the US$72,2 million it
owes the China Exim Bank for the refurbishment of Morton Jaffray Waterworks.
A council finance and development committee report tabled
in October shows that HCC also owes CABS Bank $2,595 billion and a loan balance
of $6,259 million for road maintenance