From Kuda Bwititi in Yokohama, Japan
Japan-based company, Afro-Japan Business Consultants yesterday signed a Memorandum of Understanding with Zimbabwe’s Government as it expressed interest in investing in six major projects in the country.
The identified areas for the company’s projected investments are in setting up an investment fund for Zimbabwe, the health sector, transport, road marking, a solar power plant as well as production of industrial cannabis.
Afro-Japan Business Consultants was one of the numerous companies that expressed interest in investing in Zimbabwe after its officials met President Mnangagwa at the Tokyo International Conference (TICAD) Summit in Yokohama.
President Mnangagwa oversaw the signing of the MoU by Finance and Economic Development Minister Professor Mthuli Ncube on behalf of Government as well as Mr Ryoichi Goto, who represented Afro-Japan Business Consultants.
Speaking to journalists after the signing ceremony, President Mnangagwa welcomed the company’s intentions to invest in Zimbabwe.
“You are most welcome and I am happy that you want to cooperate with Zimbabwe. I am happy with the offer that you have made to set up a consulate establishment here in one of the cities in Japan because that will facilitate a lot of people to come to invest in Zimbabwe. We will be able to reach many people that way.
“The other projects you have mentioned are also very important and most welcome, like the venture capital is most ideal. We are an economy in transition, and we need such support because then it facilitates us in assessing global capital for our own economic growth,” the President said.
President Mnangagwa promised to closely follow up on the deals through his Cabinet Ministers.
“The ball will be on our court. Every time you come to Zimbabwe, I will make sure that I kick it back through our ministers,” he said.