(The Herald, Harare, 5 October 2016) The Zimbabwe Government has mobilised $7,2 million which will go towards part repayment of debt arrears owed to China Export and Credit Insurance Corporation (Sinosure) following reports the insurance company has been reluctant to guarantee loans from Chinese banks to Zimbabwean companies.It is reported that Sinosure has been reluctant to guarantee loans from Chinese banks to Zimbabwean companies because of Government’s failure to repay arrears owed to the Asian country.
