There is no US$5 billion coming to Zim from ChinaMay 20, 19
The Zimbabwean news website Bulawayo24 reported that National Patriotic Front Spokesperson Jealousy Mawarire had heard that the Chinese authorities has refused to honor a $5 billion loan that was requested by President Emmerson Mnangagwa. He noted that China argued it had only pledged to honor the loan agreements made during the tenure of former President Robert Mugabe, adding that that China is said "to have expressed disquiet over rampant corruption in the country and the unstable currency regime."
Chinese-owned Anjin was expelled by government on February 22, 2016, along with Mbada Diamonds, on grounds that their special grant licenses had expired. Prior to that, Bulawayo24 wrote, Mugabe had accused them of massive leakages and smuggling the gems out of the country.
A few months ago, however, the Zimbabwean government asked the Chinese to bring back the Chinese to Chiadzwa's diamond fields, three years after Mugabe drove them out on allegations of looting.
Meanwhile, the current President, Emmerson Mnangagwa, is aiming to achieve at least US$400 million in revenue from diamond mining by the end of 2019. Only two companies were granted re-entry to mine diamonds in the country: Anjin and Russian diamond mining company. They are to form partnerships with the Zimbabwe Consolidated Diamond Company (ZCDC).