Chinamasa courts Arab funding

Finance and Economic Development minister Patrick Chinamasa has been invited to the Arab Bank for Economic Development (BADEA) headquarters in Khartoum, Sudan, to tie loose ends on a possible funding arrangement for infrastructure.

The invitation to visit BADEA was extended last Wednesday when Chinamasa met a team of executives headed by director-general Abdelaziz Khelef on the sidelines of last week's African Development Bank annual meetings in Kigali, Rwanda.

Chinamasa said he also held discussions with Saudi Arabia and Kuwait Funds, who expressed interest in funding infrastructure.

He said the appetite for availing loans was there and institutions wanted Zimbabwe to provide projects together with feasibility studies.