Harare residents face US$144m Chinese loan burden

HARARE, Apr.5 (NewsDayLive) – Harare City Council’s recent proposal to levy a water tariff on residents to repay a US$144 million loan from China Exim Bank has raised concerns among residents who feel shortchanged as its disbursement was marred by controversy. 

The loan, secured in 2013, was meant to rehabilitate the Morton Jaffray Waterworks  treatment plant, but there were reports that only US$77 million was released, with the balance withheld under unclear circumstances. 

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