Business / Economy
Mphoko to seek economic investment in Russia
28 May 2017 at 08:09hrs | Views
Vice-President Phelekezela Mphoko has been sent to Russia to beg President Vladmir Putin for elusive economic investment.
Mphoko is travelling with several ministers.
He has an appointment with Putin on the sidelines of the 21st St Petersburg International Economic Forum which is running from June 1 to 3.
Minister of State (Office of the Vice-President) Tabetha Kanengoni-Malinga told The Sunday Mail:
"The conference will give us an opportunity to establish relations with participating companies/organisations. We are looking at opportunities in mining, agriculture, health, industry and commerce, with the aforementioned ministers expected to extend co-operation with our Russian counterparts.
"We will be strengthening the economic and investment ties between Zimbabwe and Russia, and we want to show our level of commitment and hope to come back with tangible deals".
In 2014, Zimbabwe and Russia signed a US$3 billion mining deal which will create 8 000-plus jobs and increase the African nations' platinum output.
Mphoko is travelling with several ministers.
He has an appointment with Putin on the sidelines of the 21st St Petersburg International Economic Forum which is running from June 1 to 3.
Minister of State (Office of the Vice-President) Tabetha Kanengoni-Malinga told The Sunday Mail:
"The conference will give us an opportunity to establish relations with participating companies/organisations. We are looking at opportunities in mining, agriculture, health, industry and commerce, with the aforementioned ministers expected to extend co-operation with our Russian counterparts.
"We will be strengthening the economic and investment ties between Zimbabwe and Russia, and we want to show our level of commitment and hope to come back with tangible deals".
In 2014, Zimbabwe and Russia signed a US$3 billion mining deal which will create 8 000-plus jobs and increase the African nations' platinum output.
Source - Sunday Mail
