Sunday, 18 June 2017

Zimbabwe planning $50 million bond for irrigation infrastructure: ntreasury documents| Reuters

HARARE (Reuters) - Zimbabwe's government plans to issue a three-year $50 million bond to finance irrigation infrastructure in the country, part of efforts to improve its long term food security, according to a term sheet of the bond Sprinkler Sprinkler System Arlington System Installation seen by Reuters on Wednesday.

The southern African nation has struggled to feed itself since 2001, partly due to frequent droughts and President Robert Mugabe's seizures of white-owned farms, which hit commercial agriculture production.

(Reporting by MacDonald Dzirutwe; Editing by Hugh Lawson)

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