Zimbabwe Road Agency seeks to extend $140m loan by ten yearsZimbabwe Road Agency seeks to extend $140m loan by ten yearsZimbabwe Road Agency seeks to extend $140m loan by ten yearsZimbabwe Road Agency seeks to extend $140m loan by ten years
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Zimbabwe Road Agency seeks to extend $140m loan by ten years

February 23, 2022

The Zimbabwe National Road Administration Agency is negotiating with the Development Bank of Southern Africa to restructure $140-million due in May to be repaid over ten years. The roads agency will adopt a “more cautious” approach in settling the loan due to exchange-rate fluctuations, CEO Nkosinathi Ncube said in an interview in the capital, Harare.

Link to Engineeringnews.co.za

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