Mon, 03 Apr 2017 12:32:37 +0000 ZIMBABWE has opened discussions with Zambia over payment of the US$114. 8 million interest on the Federation-era debt that Harare owes Lusaka. The debt has been threatening co-operation between the two countries on the proposed construction of the massive Batoka power project. Zimbabwe Finance and Economic Development Minister, Patrick Chinamasa, last week told journalists at the opening of the Batoka Gorge Hydro-electric Power, Investors Conference at David Livingstone Safari Lodge in Livingstone that the two countries have opened up discussions to map the way forward on the issue. “Zimbabwe still owes Zambia about US$114. 8 million in interest but we have started engaging Zambia on how we can pay it and we will not want to discuss this in public,” said Chinamasa. The interest component emanates from a US$70 million debt to Zimbabwe which the country inherited after taking over power generation assets that were shared with Zambia. The […]
