December 15, 2015 / 7:49 AM / 3 years ago

Zambia cabinet approves $275 million Chinese housing loan

Chinese Premier Li Keqiang (R) shakes hands with Zambia's President Edgar Chagwa Lungu at the Great Hall of the People in Beijing March 30, 2015. REUTERS/Feng Li/Pool

LUSAKA (Reuters) - Zambia’s cabinet has approved plans to borrow $275 million from China for the construction of housing units for its security wings, the presidency said in a statement on Tuesday.

Presidential spokesman Amos Chanda said the loan would provide resources for the project which is expected to ease housing shortage within Zambia’s police, prisons, immigration department and intelligence department.

Reporting by Chris Mfula; Editing by Tiisetso Motsoeneng

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