China extends US$5m grant
Posted: Tuesday, December 17, 2002Herald Reporter
CHINA has extended a US$5million (Z$280 million) grant to Zimbabwe for the importation of maize and agricultural equipment to boost the land reform programme.
Chinese ambassador to Zimbabwe Mr Hou Qingru handed over the money to the Minister of Finance and Economic Development, Dr Herbert Murerwa, yesterday.
He said his country — a close ally of Zimbabwe — was concerned with the current shortage of basic commodities in the country and hoped that the grant would help the Government import the much-needed maize.
"There is a very long traditional relationship between Zimbabwe and China and we have been supporting Zimbabwe before independence. We are happy that the funds have been fully utilised," Mr Qingru said.
He said his Government had bought about 4 500 tonnes of yellow maize from South Africa, which is expected in the country soon.
Speaking at the hand over ceremony, Dr Murerwa said the money would help ease food shortages and boost agricultural activities. MOREPrinter friendly version
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