Oct 22, 2017 Last Updated 8:31 AM, Oct 20, 2017

Chinese delegation mulls investments in Zimbabwean cities

money africaABNABN - A delegation of local Chinese politicians has expressed interest in forming joint venture partnerships with four Zimbabwean cities.

This foreign investment opportunity for Zimbabwe was disclosed after a five-member delegation met with President Robert Mugabe, along with Mariam Chikukwa, Metropolitan Minister for Harare.

The Harare minister later confirmed the group of politicians are considering investment opportunities in the capital, along with the cities of Chitungwiza, Epworth and Ruwa.

Chikukwa also revealed that the Chinese delegation will focus on investing in several key industries, including tourism, food processing, tobacco farming and processing.

"President Mugabe told the delegation that we want investment in manufacturing where the Chinese cities can partner our local authorities or local companies," said Chikukwa.

"He said he wanted value addition to our local products. For instance, this Chinese delegation expressed an interest in tobacco, so the President said he would want to see processed tobacco being exported instead of exporting it in its raw form.”

The foreign investors also invited a corresponding Zimbabwean delegation to China for a state visit, which will be organised by Chikukwa in due course. 

@ABNetworkOnline

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