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Zimbabwe to mortgage telco fund for Chinese loan

Feb 03, 2017 - ICT Monitor Worldwide

The Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) plans to use its cash rich Universal Services Fund (USF) as collateral to access loans from China, an official said today.

ICT, Postal and Courier Services minister Supa Mandiwanzira told journalists following a meeting with Chinese ambassador Huang Ping, that the USF raises about $2 million a month from telecommunications operators who contribute at least 1.5 percent of their gross revenue to the fund.

The f...