Wednesday, August 5, 2020

China ‘angry’ with Zimbabwe for understating financial support

Must read

Covid-19: Price of hydroxychloroquine skyrockets in Nigeria

Nigerian officials say the price of the anti-malaria drug hydroxychloroquine which has been touted by some as treatment for coronavirus has skyrocketed. The country's Federal...

African stars seek support for victims of Beirut explosion

Many African stars are rallying for support for victims of Tuesday’s bomb blast in the Lebanese capital Beirut. Former Chelsea and Ghanaian midfielder Michael Essien,...

Ghanaian students demonstrate over strict exams supervision

Final year students of the Tweneboa Kodua Senior High School in Ghana’s Ashanti region have demonstrated against strict supervision in the ongoing West African...

Iker Casillas retires from football

Former Real Madrid and Spain goalkeeper Iker Casillas has retired from football at the age of 39. Casillas made 725 appearances for Real during a...
Isaac Kaledzihttps://en.wikipedia.org/wiki/Isaac_Kaledzi
Isaac Kaledzi is an experienced and award winning journalist from Ghana. He has worked for several media brands both in Ghana and on the International scene. Isaac Kaledzi is currently serving as an African Correspondent for DW.
- Advertisement -

China has said that Zimbabwe has been understating its financial help to the southern African nation.

Zimbabwe’s recently released budget figures ranked China poorly when it comes to foreign countries  supporting it.

The country’s Finance Minister Mthuli Ncube said in a budget statement last week that the country received $194m from bilateral donors between January and September this year.

Out of that figure Ncube said China provided $3.6m, a figure that was considered meager due to the publicized relations between China and Zimbabwe.

But the Chinese embassy in Harare has disputed the figure, saying in a statement: “This is very different from the situation on the ground.”

- Advertisement -

The embassy said its records showed that bilateral financial support to Zimbabwe was far greater, at $136.8m between January and September.

That figure according to the embassy excluded donations to vulnerable groups.

“The embassy wishes that the relevant departments of the Zimbabwean government will make comprehensive assessments on the statistics of bilateral supports and accurately reflect its actual situation when formulating budget statement,” the embassy said in a terse statement.

Zimbabwe’s economy is currently in crisis and the country depends heavily on donors for funds.

- Advertisement -

 

 

Source: Africafeeds.com

- Advertisement -

More articles

- Advertisement -

Latest article

Covid-19: Price of hydroxychloroquine skyrockets in Nigeria

Nigerian officials say the price of the anti-malaria drug hydroxychloroquine which has been touted by some as treatment for coronavirus has skyrocketed. The country's Federal...

African stars seek support for victims of Beirut explosion

Many African stars are rallying for support for victims of Tuesday’s bomb blast in the Lebanese capital Beirut. Former Chelsea and Ghanaian midfielder Michael Essien,...

Ghanaian students demonstrate over strict exams supervision

Final year students of the Tweneboa Kodua Senior High School in Ghana’s Ashanti region have demonstrated against strict supervision in the ongoing West African...

Iker Casillas retires from football

Former Real Madrid and Spain goalkeeper Iker Casillas has retired from football at the age of 39. Casillas made 725 appearances for Real during a...

SA Innovation Summit 2020 to take Africa to the World

For the very first time in its 13-year history, the SA Innovation Summit (SAIS) – the largest start-up event in Africa – will be...