UK Granted A US$43.7 Million Loan To Zimbabwe For Beitbridge Border Modernisation
The United Kingdom (UK) granted a loan of US$43.7 million towards the modernisation project of one of Zimbabwe’s key border crossing points with South Africa. This deal, confirmed by the British ambassador to Zimbabwe, Pete Vowles, took place in 2020. The project’s total cost amounted to US$296 million.
What really transpired: The Emerging Africa Infrastructure Fund (EAIF), part of the Private Infrastructure Development Group (PIDG), provided a loan of US$43.7 million for a project to modernise the Beitbridge Border Post. Zimbabwe’s government granted a 17.5-year concession to Zimborders, a private company, to rebuild and operate the border post near Beitbridge.
The project aims to boost business, industry, and tourism in the region. The facility had been struggling to handle increased traffic and delays, causing inconvenience and financial losses. With the modernisation, waiting times are expected to decrease, and new infrastructure will benefit both Zimbabwe, South Africa, and other countries accessing the strategic road network. The project will create job opportunities, with a focus on increasing the employment of women.
*Armed Robbers Pounce On A Waterfalls House And Get Away With US$10,000 Cash*
Six armed robbers raided a house in Waterfalls, Harare on November 22, 2023, and escaped with $10,000 in cash and four cell phones. A police report says the robbers attacked three family members. Read the report:
Police in Harare are investigating a case of robbery which occurred on 22/11/23 at a house along Airton Close, Prospect, Waterfalls. Six unknown suspects who were armed with machetes, knives and iron bars broke into the house before attacking three family members and stealing US$10,000 cash and four cellphones.
The Zimbabwe Republic Police (ZRP) is urging anyone with information to report it at the nearest Police Station.
