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Overview

Chinese Government provides RMB 33 million interest-free loan for Phase 1 of High-Performance Computing Center Project (Linked to Record ID#62405, #62408)

Commitments (Constant USD, 2023)$5,492,852
Commitment Year2015Country of ActivityZimbabweDirect Recipient Country of IncorporationZimbabweSectorCommunicationsFlow TypeLoan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2015
End (actual)
Feb 5, 2015
First repayment (originally scheduled)
Dec 29, 2024
Last repayment (originally scheduled)
Dec 27, 2034

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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The University of Zimbabwe is located at the capital city of Harare. More detailed locational information can be found at https://www.google.com/maps/place/Zimbabwe+Centre+of+High+Performance+Computing/@-17.7846644,31.0488013,17z/data=!3m1!4b1!4m5!3m4!1s0x1931a56156dedd87:0x2bf52b73729729c3!8m2!3d-17.7846695!4d31.0509953 and https://www.openstreetmap.org/way/391946437.

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

Government Agencies

  • China Ministry of Commerce

Receiving agencies

Government Agencies

  • Government of Zimbabwe

Implementing agencies

Government Agencies

  • University of Zimbabwe

Private Sector

  • Inspur

State-owned companies

  • Wuhan Dameng Database Co., Ltd.

Loan desecription

Chinese Government provides RMB 33 million interest-free loan for Phase 1 of High-Performance Computing Center Project

Grace period10 yearsGrant element75.0516%Interest rate (t₀)0%Interest typeFixed Interest RateMaturity20 years

Narrative

Full Description

Project narrative

In 2015, the Chinese Government provided an RMB 33 million interest-free loan for Phase 1 of the High Performance Computing Center. This loan was originally intended for the 2015-2017 timeframe but was not actually distributed for unspecified reasons. Then, on April 3, 2018 during President Emmerson Mnangawa's visit to China, the two sides signed bilateral cooperation agreements in the fields of economy and technology, agriculture, science and technology, and human resources development. At the time of signing, Zimbabwe was still processing paperwork related to the RMB 33 million transaction from 2015. This project involved the installation of a supercomputer facility (high-performance computing center) at the University of Zimbabwe. The facility was expected to be used in agriculture, weather forecast, mining, gene technology, and stimulation, and support scientific research in Zimbabwe. The project also involved the training of dozens of Zimbabwean researchers on how to operate the supercomputer. Inspur Group — China's leading personal computer and server manufacturer — and Dameng were both involved in the implementation of the project. On February 6, 2015, the project was officially completed and and handed over to the University of Zimbabwe. In 2017, the Chinese Government supported Phase 2 of this project with an RMB 100 million grant (see Record ID#62405). Another Chinese Government grant was provided in 2018 (see Record ID#62408).

Staff comments

The Chinese project title is 津巴布韦超算中心 or 津巴布韦超算中心项目 or 津巴布韦大学高性能计算中心第一阶段. Since loan terms for the interest-free loan are unavailable, AidData has set maturity period to 20 years by default and grace period to 10 years by default per China's Foreign Assistance White Paper (http://www.cidca.gov.cn/2018-08/06/c_129925064_3.htm) which states that the maturity period of interest-free loans is 20 years, with a drawdown period of 5 years, grace period of 5 years, and repayment over 10 years. AidData treats the drawdown period as providing 5 years of additional grace.