Bulawayo to borrow from AfDB

For Bulawayo water upgrades.
Zimbabwe’s second-largest city will borrow from the African Development Bank to upgrade and repair its ailing water and sewage works, the state-controlled Chronicle said, citing a report from the city council’s offices.
 
The $37 million being released to Bulawayo will ease the city of 1 million’s chronic water problems, the Chronicle said, adding that the loan had been approved by the AfDB.

Bulawayo in western Zimbabwe is in a low rainfall area often affected by drought. The city pumps water from five dams and needs an estimated $600,000 to repair borehole water pumps.

The Bulawayo City Council may engage Loita Capital Partners to raise an additional $26 million to finance further water and sanitation projects, the Chronicle also reported.

©2015 Bloomberg News

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