ABSA, Standard Bank agree US$193m funding deal to build new Zimbabwe hospitals

Zimbabwe is to raise US$193 million in offshore lending to implement a 2019 agreement with UK infrastructure company NMS for the construction of hospitals and clinics in the country. NEWSWIRE ABSA and Standard bank of South Africa are the joint arrangers for the transaction, which will be insured by Export Credit Insurance Corporation of South Africa. The original contract saw NMS building clinics at Stoneridge in Harare and Cowdray Park in Bulawayo. The initial phases of the project, which also include four other hospitals, have been funded by the Zimbabwe…

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