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Zambia guarantees $250m Kariba loan, as broke Zim can’t

HARARE – Zambia has guaranteed a total $250 million loans jointly accessed with Zimbabwe — through the Zambezi River Authority (ZRA) — from international financiers, targeted at funding refurbishment of Kariba Dam. The two countries signed the deal — set to increase Kariba Power Station’s generation capacity — last Friday, with Finance minister Patrick Chinamasa…

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