Govt seeking $27 billion to fund ZimAsset

6 years ago
Mon, 05 Dec 2016 06:18:01 GMT
Share on FacebookShare on TwitterShare on LinkedIn
Govt seeking $27 billion to fund ZimAsset

Speaking after touring several companies in Harare’s Workington industrial area, Chief Secretary to the President and Cabinet Dr Misheck Sibanda revealed that Government is pursuing numerous avenues to fund the country’s economic blueprint Zim-Asset, which requires at least $27 billion for full implementation. Government is pursuing joint ventures and equity funding among its options, including loans.

Said Sibanda:

We are going round it (funding) even through equity funding, through loans. Only yesterday (Thursday) the Minister of Transport and Infrastructural Development (Dr Joram Gumbo) launched the project on the Beitbridge-Harare-Chirundu road which is funded through equity as well as a loan. So we are in a joint venture and that is why the President mentioned the idea of joint venture projects. This is what is happening even here. There are other ways. It is not just direct funding. Apart from the fund that we are trying to come up with — the Sovereign Wealth Fund — we are still in the process of mobilising resources. They are not yet there but that cannot stop us moving forward.

More: Herald

Are you a Civil Servant or Pensioner in Zimbabwe?

Get a smartphone 📱 on Zero Deposit. 24 hours to process.

Click here to apply



Leave a Comment

Generate a Whatsapp Message

Buy Phones on Credit.

More Deals