ZBC reportedly refuses to repay Iran loan - from Media Network Weblog

The Zimbabwe Broadcasting Corporation (ZBC) is reportedly refusing to repay a US$5 million Iranian loan which was used to refurbish the broadcaster’s studios, claiming some of the equipment supplied under the deal was defective. The loan was part of a US$15 million deal reached in 2004 between the Zimbabwe government and Tehran with about US$10 [...]

Source : http://www.mediauk.com/radio/news/go/137893?utm_so...