THE Zimbabwe National Road Administration (Zinara) is on track to settle its debt with the Development Bank of Southern Africa, with less than $70 million now outstanding.
The original debt, which Zinara has been repaying in instalments, stood at $206 million.
Zinara’s CEO, Nkosinathi Ncube, confirmed at the company’s annual general meeting that the loan repayment is progressing well.
“We have repaid the majority of the balance and are on track to clear the loan in accordance with the contract. The balance is now less than $70 million,” he said.