Tawanda Musarurwa in BEIJING, China
President Mnangagwa yesterday met with several Chinese businesses and organisations here, that expressed willingness to invest in Zimbabwe. The meetings followed the Zimbabwean delegation’s participation at the 2018 Beijing Summit of the Forum on China-Africa Cooperation (FOCAC), which closed on Tuesday.
The Chinese businesses that have expressed interest in investing in Zimbabwe are Huawei Technologies Co Ltd, a global leader in consumer electronics; and TBEA, which specialises in electricity generation, transmission and distribution.
In Zimbabwe, TBEA has expressed interest in power transmission and distribution projects. President Mnangagwa also met with Belt and Road Collaborative Innovation Centre (BRCIC). Earlier in April, chairman of the BRCIC met the President and offered scholarships to Zimbabwean students.
Other Chinese businesses that also expressed interest in the country are Yantai JinAO Protection Technology Co, a gold mining company involved in refractory gold ore extraction and processing; Touchroad International Holdings Group, which is involved in special economic zones development, resources exploitation, finance and international trade and China Gezhouba Group Company Limited and CGGC, which is one of the largest comprehensive solutions providers for the power industry in China and globally.
China Gold, CCCC, a diversified group and 21 Century Space Technology Co Limited, which is involved in the construction industry, were also among the prospective investors that met President Mnangagwa.
The meetings came as President Mnangagwa pledged more economic reforms in his speech during a closed session of the FOCAC meeting.
“We have set out an ambitious and yet achievable programme of modernising our infrastructure and ensuring that our roads, railway network, air connectivity, ICTs and Special Economic Zones talk to the region, continent and the world at large,” he said.