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Friday, March 31, 2023

Zimbabwe ready to receive more Chinese investments

By Bruce Chahwanda

PRESIDENT Emmerson Mnangagwa says Zimbabwe is ready for more investments from the People’s Republic of China to accelerate the country’s modernisation and industrialisation drive.

The President made the pledge to work more closely with investors from the Asian giant when he virtually addressed the China Forum on China-Africa Economic and Trade Relations and China-Africa Cultural Cooperation and Exchange Week this Wednesday.

“Zimbabwe stands ready to receive more investments from the People’s Republic of China and Zhejiang Province. We are determined to accelerate the modernisation, industrialisation and development of our country as well as acquire contemporary knowledge, and skills, in science, technology and new innovations. Opportunities also exist across all sectors of our economy, such as mining value chains, agriculture, manufacturing, infrastructure development and tourism among others,” he said.

President Mnangagwa noted that there is a need to sustain mutually beneficial socio-economic ties for the future.

“As the current crop of leadership of Zimbabwe and the People’s Republic of China, we must continue to sustain the close, win-win and mutually beneficial socio-economic, political and cultural ties for a shared future. Going forward, we must scale up efforts to broaden the scope of our cooperation, investments and partnerships leveraging on the rich endowments in both Zhejiang and Zimbabwe,” he added.

Zimbabwe and China enjoy cordial relations which have been cemented by close collaboration during the peak of the COVID-19 pandemic.

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