Mnangagwa visit: Chinese delegation jets in

Mnangagwa visit: Chinese delegation jets in
Published: 17 April 2018 (397 Views)
China has sent an 11-member delegation to Zimbabwe as a follow-up to President Mnangagwa's State visit to the Asian economic giant early this month where several business deals were signed, while relations between the two countries were elevated to the highest status.

The delegation is exploring investment opportunities in various sectors in response to President Mnangagwa's invitation and call that Zimbabwe is now open for business.

The Head of State and Government was in China two weeks ago where he sealed multiple business deals that will result in new projects, including giving traction to those that stalled under the previous political administration.

The latest Chinese delegation to arrive in the country on a week-long exploratory mission is led by China Trade Promotion Centre director Mr Tan Wenbao.

The organisation falls under China's Ministry of Commerce.

The delegation includes managers from various companies interested in energy, agriculture, health and infrastructure development.

The group yesterday met Zimbabwe Investment Authority (ZIA) chief executive officer Mr Richard Mbaiwa before meeting Zimbabwe Energy Regulatory Authority (Zera) officials.

Mr Mbaiwa said the visit by the Chinese delegation was triggered by President Mnangagwa's recent State visit to the Asian economic giant.

"Their arrival is in response to the invitation that has been made by President Mnangagwa through his message that Zimbabwe is open for business," he said.

"We met some of the officials who came from China a few days ago and they indicated that they wanted to come and they have done so. When the President spoke and we interacted with them, we then cemented everything and from our discussions more delegations are headed for Zimbabwe.

"They are following up to look at potential areas of where they can invest. They have specific interest in the energy sector and they are going to Zera to be apprised of the regulatory framework in the energy sector. They have told us they have interest in hydro and solar power generation.

"In terms of infrastructure development, they are also meeting Infrastructure Development Bank of Zimbabwe (IDBZ), which has a database of project seeking funding investments. In agriculture, they have interests and meetings have also been lined up."

The Chinese delegation is meeting IDBZ officials today, while engagements with various ministries are expected on Thursday.

"They have just came on an exploratory mission, and this is the first step which we expect to produce results," said Mr Mbaiwa. "We expect the meetings with the regulators and players to guide them in their determination.

"They also want to sign a Memorandum of Understanding with us, which outlines how we can cooperate in areas of trade and investment. They are sending it and we will look at it."

During President Mnangagwa's State visit, China and Zimbabwe agreed to elevate relations to Comprehensive Strategic Partnership Status, the highest level of bilateral cooperation.

Among the deals sealed during the visit was the US$1 billion Hwange Thermal Power Station project, which had been floundering for three years.

Funds to start work on units 7 and 8 of the plant will be released immediately.

The Kunzvi Dam Project reached financial closure, with Sinohydro and China Communications Construction Company (CCCC) committing to providing resources for the dam and water treatment plant, and to roll-out installation of smart prepaid water meters.

Other projects that will get immediate funding totalling about US$1 billion include Robert Gabriel Mugabe International Airport expansion, the new Parliament Building in Mt Hampden, NetOne's expansion, refurbishment of Morton Jeffrey Water Treatment Plant and construction of a pharmaceutical factory.

Zimbabwe and China also signed a US$1 billion tourism Memorandum of Understanding.

- the herald

 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Mnangagwa back from Ramaphosa inauguration

by Staff reporter | 25 May 2019 | 89 Views

Zimbabwe heroes and heroines conferment process explained

by Ambassador Simon Khaya Moyo | 25 May 2019 | 83 Views

Mapeza back at the summit

by Daniel Itai | 25 May 2019 | 70 Views

Umkhonto we Sizwe Military Veterans mourn Dabengwa

by Issued on behalf of the President of MKMVA, comrade Kebby Maphatsoe, by Carl Niehaus | 25 May 2019 | 69 Views

Prodigal son donate truckloads of mealie meal for MDC congress

by Staff reporter | 25 May 2019 | 126 Views

Chamisa assembling team to force early poll

by Staff reporter | 25 May 2019 | 83 Views

Dabengwa's body expected home on Sunday

by Staff reporter | 25 May 2019 | 66 Views

PHOTO: Mugabe meme goes viral

by Social media | 25 May 2019 | 149 Views

Ndiweni endorses Chamisa

by Staff reporter | 25 May 2019 | 79 Views

Umkhonto we Sizwe Military Veterans mourns Dabengwa

by Issued on behalf of the President of MKMVA, comrade Kebby Maphatsoe, by Carl Niehaus | 25 May 2019 | 89 Views

Ideal Zimbabwe President flees to SA after being granted bail

by Staff reporter | 25 May 2019 | 105 Views

MDC congress in late start

by Staff reporter | 25 May 2019 | 108 Views

Zhuwao, Wadyajena in war of words

by Staff reporter | 25 May 2019 | 102 Views

Dabengwa to be declared national hero

by Staff reporter | 25 May 2019 | 127 Views

Mnangagwa feels the heat

by Staff reporter | 25 May 2019 | 135 Views

Sadness at the hands of the Zanu-PF

by GoodNess Nwachukwu | 25 May 2019 | 96 Views

Statement by the NANGO on Africa Day

by NANGO | 25 May 2019 | 78 Views

A smoking pipe hung precariously from his blackened lips

by Thomas Murisa | 25 May 2019 | 81 Views

Africa Day ADF speech 2019

by Dr Vusumuzi Sibanda | 25 May 2019 | 69 Views

We want real meat-pies not soya-chunks

by Thomas Murisa | 25 May 2019 | 46 Views

Mourn DD as He Was

by Mkhululi Zulu Zapu Presidential Spokesperson | 25 May 2019 | 62 Views

MDC Congress: A case for tribal balance

by Jimmy Jombo Charowa | 25 May 2019 | 70 Views

Mnangagwa gets wild cheers in South Africa

by Mandla Ndlovu | 25 May 2019 | 109 Views

JUST IN: 5 CIOs storm Kasukuwere's farm

by Mandla Ndlovu | 25 May 2019 | 100 Views

WATCH: Apostle Chiwenga prophesying on Dabengwa's death

by Mandla Ndlovu | 25 May 2019 | 89 Views

'Mnangagwa's dialogue is nonsense' says Chief Ndiweni

by Mandla Ndlovu | 25 May 2019 | 102 Views

MDC CONGRESS: Latest voting results

by Mandla Ndlovu | 25 May 2019 | 128 Views

Africa Day not yet uhuru

by Dr Masimba Mavaza | 25 May 2019 | 67 Views

I say no to executive share option lets have minority and all employees

by Engineer Jacob Kudzayi Mutisi | 25 May 2019 | 61 Views

No more excuses in fighting graft

by Staff reporter | 25 May 2019 | 62 Views

Ndiweni endorses Chamisa

by newzimbabwe.com | 25 May 2019 | 63 Views

Mnangagwa, Chiwenga fly Dubai planes

by ZimLive | 25 May 2019 | 73 Views

Chiwenga receiving treatment in India

by Staff reporter | 25 May 2019 | 63 Views

MDC congress in slow start

by Staff reporter | 25 May 2019 | 56 Views