Harare to Begin U.S.$144 Million Loan Repayment

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[The Herald] Harare City Council has said it will start repaying its $144 million debt to China-Exim Bank this month, although the bank is still to release the outstanding amount of $72 million. The $144 million loan facility was obtained for the rehabilitation of Morton Jaffray Water Works and sewer works. The loan was advanced at an interest rate of three percent per annum and over a nine-year tenure.