News / National
GE in the process of setting up shop in Zimbabwe
01 Jun 2018 at 09:03hrs | Views
President Emmerson Mnangagwa yesterday told over 40 000 youths at a convention in Mkoba that it was pleasing that giant multinational companies like General Electric from the United States were in the process of setting up shop in Zimbabwe.
He said this was despite economic sanctions imposed on Zimbabwe by the US in 2002 over the land issue. The President said this demonstrated willingness by Mr Donald Trump's administration to engage Zimbabwe.
"Each day that passes, more and more investors are coming to Zimbabwe. Why are they coming? Because they know the current dispensation preaches peace, unity and we are focused towards developing our country. "As the industries are recovering, as electricity is being produced, we believe that in five years, according to our programme, we will have additional 2 000 megawatts of electricity.
"We have the Americans that have imposed Zidera on us, which provides for sanctions for people not to invest in Zimbabwe. But as we speak, we have a big company from America that has come and wants to do the Batoka Gorge (electricity project) at $5,2 billion," said the President.
"We asked how are you going to invest and they said the Trump administration is giving us a blind eye. So, things are changing; we have since written a letter to our counterparts in Zambia on the project because we share the project."
He said this was despite economic sanctions imposed on Zimbabwe by the US in 2002 over the land issue. The President said this demonstrated willingness by Mr Donald Trump's administration to engage Zimbabwe.
"Each day that passes, more and more investors are coming to Zimbabwe. Why are they coming? Because they know the current dispensation preaches peace, unity and we are focused towards developing our country. "As the industries are recovering, as electricity is being produced, we believe that in five years, according to our programme, we will have additional 2 000 megawatts of electricity.
"We have the Americans that have imposed Zidera on us, which provides for sanctions for people not to invest in Zimbabwe. But as we speak, we have a big company from America that has come and wants to do the Batoka Gorge (electricity project) at $5,2 billion," said the President.
"We asked how are you going to invest and they said the Trump administration is giving us a blind eye. So, things are changing; we have since written a letter to our counterparts in Zambia on the project because we share the project."
Source - Byo24News
