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Completed Development AidData Chinese Aid

CDB provides $10 million loan to Sinotex for Cotton Planting, Purchasing and Processing Project

$10M USD

Funder China Development Bank (CDB)
Recipient Organization Sinotex United Import And Export Corp., Ltd.
Country Zimbabwe
Start Date Apr 01, 2011
End Date Mar 06, 2027
Duration 5,818 days
Number of Grantees 1
Roles Recipient
Data Source AidData Chinese Aid
Grant ID 69176
Grant Description

CDB provides $10 million loan to Sinotex for Cotton Planting, Purchasing and Processing Project In April 2011, China Development Bank provided a $10 million loan to Sinotex United Import and Export (Private) Limited for a Cotton Planting, Purchasing, and Processing Project in Zimbabwe.

This project will, among other things, allow Sinotex United Import and Export (Private) Limited to purchase cotton lint from the Cotton Company of Zimbabwe (COTTCO). This loan was fully disbursed. The terms of the loan are unknown.

The Chinese project title is 津巴布韦棉花项目 or 津巴布韦棉花种植项目 or 中非棉业津巴布韦有限公司.

📚 Sources & References
  • Sinotex of China
  • Zimbabwe Cotton Co. in Seeds Deal
  • Herald Says
  • 国家开发银行 非洲中小企业发展专项贷款
  • 悦达纺织7000吨皮棉轧花项目落户津巴布韦
  • Zimbabwe clinches US$500m Chinese cotton deal
  • 中非棉业津巴布韦有限公司
  • 国家开发银行青岛市分行助力企业“走出去”
  • 赵斌会见津巴布韦客人 希望携手拓展交流与合作空间
  • 探秘非洲-10月,揭开埃及和津巴布韦的神秘面纱
  • China-Africa Cotton Zimbabwe (PVT) Limited
  • 国家开发银行 非洲中小企业发展专项贷款 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

Sinotex United Import And Export Corp., Ltd.

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