China Accuses Zimbabwe Govt of Understating Financial Support
This comes after budget figures released by Finance Minister Mthuli Ncube showed that donor funding from China only amounted to U.S.$3.6 million from January to September, while the Chinese embassy says financial support to Zimbabwe was far greater, at U.S.$136.8 million between January and September. Now with the government's history of quietly racking up foreign debt without the approval of parliament, the funding discrepancy has led to questions of whether President Emmerson Mnangagwa's government is hiding figures or it has just made an accounting error.
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Zimbabwe:
Govt Engages China On Budget Figures
The Herald, 20 November 2019
Government will engage the Chinese Embassy in Harare to establish a common accounting position on how much Harare received from Beijing as development partner support for 2019. Read more »
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Zimbabwe:
China Challenges Govt Bilateral Support Figures
263Chat, 19 November 2019
Controversy shrouds bilateral support figures released by the Zimbabwean government last week during the 2020 National Budget following a revelation by the Chinese Embassy this… Read more »
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Zimbabwe:
Govt Scrambles to Save U.S.$1 Billion Chinese Deals
Zimbabwe Independent, 1 November 2019
Government officials were this week nervously scrambling to salvage three big Chinese-funded infrastructural projects totalling US$1,324 billion, which are on the verge of collapse… Read more »
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Zimbabwe:
China Pledges More Financial Support
The Herald, 24 September 2019
China has pledged to assist Zimbabwe with developmental aid and foreign direct funding increasing from US$2,1 billion it extended to the country last year. Read more »
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Zimbabwe:
Chinese Tech Revolution Comes to Zimbabwe
The Herald, 9 October 2019
"Science and technology respond to the call of times and have a global impact. To develop them, we should have a global vision and meet the needs of the times," Xi Jinping in… Read more »
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Zimbabwe:
China Gives Govt U.S.$58 Million for Projects
The Herald, 26 June 2019
Zimbabwe and China have signed grants worth RMB400 million (US$58,1 million) on the sidelines of a follow-up meeting to agreements made during the Forum on China-Africa Cooperation… Read more »
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