Harith General Partners and the Phembani Remgro Infrastructure Fund to acquire a stake in Zimbabwe Beitbridge border for $296m.

Harith General Partners and the Phembani Remgro Infrastructure Fund are set to acquire a stake in Zimbabwe Beitbridge border, one of Africa’s busiest land border crossings, for $296m. Among other upgrades, the fresh investment through Zimborders will go into installing automated queuing and payment systems to minimize human interaction and the risk of fraud and corruption. It will also be spent on modern cargo-scanning equipment for faster inspection and detection of contraband and dangerous cargo.