Completed Mixed AidData Chinese Aid

China Eximbank provides 51 million EUR seller's credit to ZTE for the provision and installation of mobile and fixed telecom networks

€51M EUR

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	ZTE Corporation (formerly Zhongxing Telecommunication Equipment Corporation)
Country	Central African Republic
Start Date	Apr 22, 2005
End Date	Dec 24, 2031
Duration	9,742 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`147`

Grant Description

China Eximbank provides 51 million EUR seller's credit to ZTE for the provision and installation of mobile and fixed telecom networks On April 22, 2005, ZTE signed an EUR 51 million supplier's credit agreement with Société Centrafricaine de Télécommunications (Socatel) — a state-owned telecommunication company — and the Central African Republic’s Ministry of Posts and Telecommunications to supply and install mobile and fixed networks covering all of the Central African Republic.

ZTE originally obtained these funds from China Eximbank in the form of a seller's credit. The borrowing terms are unknown.

The proceeds from this seller's credit were used to finance 85% of the cost of a 60-million-euro commercial contract between ZTE Corporation and Socatel. The remaining 15% was to be prepaid by Socatel. According to the World Bank, this project did reach completion. However, its precise project start and end dates are unknown.

📋 Staff Comments

1. The Chinese project title is 中非全国移动通讯网络和固定通讯网络各15万线的供货和安装.

📚 Sources & References

China and the Multinationals International Business and the Entry of China Into the Global Economy
Africa's ICT Infrastructure: Building on the Mobile Revolution
中兴公司与中非方签订通讯设备供货商务合同
La Chine signe trois accords de coopération avec la RCA, 11月25日，中非总统经济和财政顾问称, http://books.google.com/books?id=fQKYiRRCKXQC, http://books.google.com/books?id=lU-uDzaGN8MC
Chinese Loans to Africa Database
Africa’s ICT Infrastructure Building on the Mobile Revolution
Africa Research Bulletin - Economic Financial and Technical Series Volume 45 No 7 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.

All Grantees

ZTE Corporation (formerly Zhongxing Telecommunication Equipment Corporation)

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