
China will loan nearly $700 million to Zimbabwe in a deal that will provide a major boost to the struggling southern African nation.
The loans awarded by China’s Export-Import Bank include $342 million for agricultural equipment and machinery, $99.5 million for health equipment and supplies, and $144 million for the renovation of Harare’s water and sewerage system.
China also provided $102 million to Zimbabwe’s government and two grants worth $14 million.