China Frustrated in Zimbabwe, CMEC Refuses to Proceed with Work Until Local Authorities Disburse Funds
Posted Friday, July 26, 2019 at 2:52pm
On July 23, the Zimbabwe director for China Machinery Engineering Corporation said that work cannot be completed on a $144 million project to renovate Harare’s water and sewage systems until local authorities disburse the remaining $72 million of the funds loaned by the Export-Import Bank of China for the project. This coincides with reports of the Chinese government being frustrated with President Emmerson Mnangagwa (backed by China during the post-Mugabe transition) after he awarded diamond exploration and mining rights to Russia.