News / National
China lines up multi-billion projects
25 Jan 2019 at 09:11hrs | Views
China has lined-up several multi-sectoral billion-dollar investment projects for Zimbabwe for this year, covering mining, manufacturing, steel and hospitality sectors, senior diplomats from both countries said this week.
In a joint interview with Zimbabwe Independent, the acting Chinese ambassador to Zimbabwe, Zhao Baogang and Zimbabwe's ambassador to China Paul Chikawa said there was a boom in expressions of interest by top Chinese companies keen on investing in Zimbabwe.
However, the diplomats warned that the civil unrest, which rocked the country last week, in which the army and the police violently quelled protests over economic hardships across major cities leading to 12 deaths, could scare away some investors.
In a joint interview with Zimbabwe Independent, the acting Chinese ambassador to Zimbabwe, Zhao Baogang and Zimbabwe's ambassador to China Paul Chikawa said there was a boom in expressions of interest by top Chinese companies keen on investing in Zimbabwe.
However, the diplomats warned that the civil unrest, which rocked the country last week, in which the army and the police violently quelled protests over economic hardships across major cities leading to 12 deaths, could scare away some investors.
Source - Zim Ind
