Standard Bank, Absa lend Zimbabwe $193m for hospitals (Moneyweb)

Zimbabwe has raised a $193.3 million loan from South Africa’s Standard Bank, its Zimbabwean unit and Absa Group, to finance public hospitals and clinics, Finance Minister Mthuli Ncube said.

The Treasury through the Zimbabwe Debt Management Office negotiated the Export Credit insurance Corp of South Africa-backed sovereign loan, Ncube said in an emailed statement. The funds will be used to build five district hospitals and 22 health centers across Zimbabwe’s ten provinces, he said. Click here to read full article