NetOne Close To Securing Release Of $71 Million Loan Facility From China Exim Bank

Speaking at the sidelines of the World Technology and Information Society Day held in Murehwa on Thursday, mobile operator NetOne said they are close to securing the release of the $71 million loan facility from China Exim Bank to construct and upgrade base stations countrywide.

NetOne chief executive Mr Lazurus Muchenje said the parastatal was in the final stages of negotiations with the bank. Said Muchenje:

We are talking and we will soon receive a purse of $71 million. The funds will be put in the construction and upgrading of base stations around the country. We have areas that were having poor connectivity and we are now moving there to connect them to Zimbabwe and the world.

More: Herald