The Army Comes To Zimbabwe's Rescue
![The Army Comes To Zimbabwe's Rescue](/_next/image/?url=https%3A%2F%2Fzero.pindula.co.zw%2Fmedia%2Fnews%2Farticles%2Fthe-army-comes-to-zimbabwes-rescue.webp&w=640&q=75)
Reports suggest that the Zimbabwe National Army has provided the collateral for the African Export-Import Bank’s $500 million loan that was advanced to Zimbabwe recently.
The loan is said to be backed by a mine that Great Dyke Investments plans to build at a cost of $4 billion. Great Dyke Investments is a venture between Russian investors and the Zimbabwean military. The loan shall be paid over a period of four years.
It is also reported that the deal was designed earlier this month at a meeting attended by officials from Zimbabwe’s treasury, the central bank, mines ministry, Afreximbank, and Great Dyke Investments chairperson, Hespinah Rukato.
More: Bulawayo24
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