The Chinese government has given Zimbabwe a $58 million financing facility that will be used to purchase farming equipment, implements and tools. Under the deal, China`s CAMC Engineering will supply various agricultural equipment including 424 tractors, 65 dumper trucks, 40 heavy duty harrows and eight bulldozers.
"The total loan facility granted by the People`s Republic of China is 58 million US dollars," Joseph Made, minister for agricultural engineering said during the official handover of some of the equipment and tools.
In return for the help with its struggling agriculture, Zimbabwe will deliver 110,000 tonnes of tobacco to China over two years, Made said. The two countries also signed three separate agreements related to finance, agriculture and education.
Angola Press
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May 07, 2007
Zimbabwe gets Chinese agro-equipment finance in exchange for tobacco
Categories China, mechanization, tobacco, Zimbabwe
