Zimbabwe exploring minerals-backed deals with China to fund infrastructure, minister says

Zimbabwe is considering using its vast natural resources to fund road and railway construction projects with China, finance minister Mthuli Ncube said on Wednesday. The southern African nation, Africa’s top lithium producer, has significant mineral resources. But years of economic mismanagement and political turmoil have left its infrastructure severely underdeveloped. The African Development Bank estimates Zimbabwe needs about $34-billion to modernise its transport and logistics networks.

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