Zambia Secures U.S.$130 Million Loan for Towers

THE Zambian Government has secured 810 million RMB (about US $130 million) from China with $65 million of the funds to go towards the construction of communication towers in the country under the Zambia Information, Communication and Technology Authority (ZICTA).

The funds were secured after the successful signing of two agreements involving 400 million RMB and an addition 410 million RMB under the framework for concession of loans and grants between the Zambian and Chinese governments yesterday.

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