Mnangagwa visit: Chinese delegation jets in

Mnangagwa visit: Chinese delegation jets in
Published: 17 April 2018 (481 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

PHOTOS: Job Sikhala becomes an instant internet joke

by Social media | 03 October 2019 | 275 Views

America says it is worried about Zimbabwe

by Mandla Ndlovu | 03 October 2019 | 308 Views

Madinda Ndlovu to be discharged tomorrow

by Staff reporter | 03 October 2019 | 211 Views

What are behavioral disorders and how can they be managed?

by Temba Munsaka | 03 October 2019 | 209 Views

Government speaks on Robert Mugabe's body parts

by Mandla Ndlovu | 03 October 2019 | 308 Views

Zacc recovers $100m property from looters

by Staff reporter | 03 October 2019 | 206 Views

WATCH: Mnangagwa apologises for destroying Zimbabwe satire

by Mandla Ndlovu | 03 October 2019 | 206 Views

Mphoko's application for release of passport dismissed

by Staff reporter | 03 October 2019 | 165 Views

Zanu-PF restructuring exercise begins

by Staff reporter | 03 October 2019 | 161 Views

Petrotrade declares $1.5 million dividend

by Staff reporter | 03 October 2019 | 134 Views

MSU, Zupco seal bus deal

by Staff reporter | 03 October 2019 | 251 Views

Mnangagwa to open ZMF conference

by Staff reporter | 03 October 2019 | 170 Views

High Court sets EcoCash hearing date

by Staff reporter | 03 October 2019 | 175 Views

Mphoko barred from leaving Zimbabwe

by ZimLive | 03 October 2019 | 172 Views

CIO agents monitor Jonathan Moyo in Kenya

by Mandla Ndlovu | 03 October 2019 | 391 Views

Acie Lumumba targets criminals around Mnangagwa

by Mandla Ndlovu | 03 October 2019 | 341 Views

$100 limit for cash-out transactions

by Staff reporter | 03 October 2019 | 251 Views

ANC starts anti-sanctions campaign

by Staff reporter | 03 October 2019 | 176 Views

ZESN calls for political parties regulation

by Staff reporter | 03 October 2019 | 151 Views

We've no forced labour evidence on Zimbabwe diamonds, says US Embassy

by Staff reporter | 03 October 2019 | 164 Views

Ex-ZPC board chairman freed on bail

by Staff reporter | 03 October 2019 | 195 Views

Cyber Bill seeks to safeguard citizens

by Staff reporter | 03 October 2019 | 135 Views

Cassava launches Vaya tractor services

by Staff reporter | 03 October 2019 | 175 Views

MDC Alliance boycott slammed

by Staff reporter | 03 October 2019 | 94 Views

10-man Bulawayo Chiefs stun Harare City

by Staff reporter | 03 October 2019 | 142 Views

Zimbabwe has a reputational problem, says US

by newzimbabwe | 03 October 2019 | 155 Views

MDC Alliance walk of shame

by Nduduzo Tshuma | 03 October 2019 | 212 Views

MDC councillors want suspension of Cowdray Park projects

by Staff reporter | 03 October 2019 | 143 Views

RBZ floats $300m additional TBs

by Staff reporter | 03 October 2019 | 132 Views

Teenagers rob soldier

by Staff reporter | 03 October 2019 | 154 Views

Duo rape corpse, get death sentence

by Staff reporter | 03 October 2019 | 170 Views

Mnangagwa to fly out for the zenith times

by Staff reporter | 03 October 2019 | 135 Views

Chamisa's MPs approach court to reverse 5 months allowance garnish

by newzimbabwe | 03 October 2019 | 76 Views

Zimra official forges Customs papers

by Staff reporter | 03 October 2019 | 61 Views

Zifa courts two nations for Warriors' friendlies

by Staff reporter | 03 October 2019 | 50 Views