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WATCH: Mnangagwa approves 11 projects worth $5.3 billion

by Staff reporter
13 Nov 2018 at 16:21hrs | Views
The Chief Secretary to the President and Cabinet circulated for the information of Cabinet a list of eleven projects which have been approved by His Excellency the President for immediate implementation after processing by the One-Stop Investment Service Centre:

1) Joint Venture Partnership between Verify Engineering P/L and Magcor Consortium Group of Companies on Coal to Fertilizer Manufacturing - valued at US$750 million.
 
2) Joint Venture Partnership between Verify Engineering P/L and Magcor Consortium Group of Companies on the manufacture of medical and industrial gases - valued at US$5.3 million.

3) The Zimbabwe FINCOMECO on the establishment of a Warehouse Receipt System and Agriculture Commodity Exchange in Zimbabwe - valued at US$81.365 million.

4) Joint Venture Partnership between the Cold Storage Commission (CSC) and Boustead Beef (Pvt) Ltd on the Livestock Joint Farming Concession - valued at US$130 million.

5) Joint Venture Partnership between Mindlink Holdings and Government of Zimbabwe on establishment of a Bullion Bank - valued at US$2 billion.

6) Joint Venture Partnership between Hondius Capital Management, an Asset Management firm and the Infrastructure Development Bank of Zimbabwe on Infrastructure development through establishing the Zimbabwe Infrastructure, Housing and Development Bank - valued at US$800 million.

7) SUREWIN (Pvt) Ltd, a Chinese Company on mining and processing of granite in a Special Economic Zone - valued at US$20 million.

8) Afrochine (Pvt) Ltd, a Chinese Company on ferrochrome mining and smelting in a Special Economic Zone - valued US$200 million.

9) Nkonyeni Agriculture Hub incorporation Bonded Warehouses, Inland Trading Port and Agro-Processing in a Special Economic Zone -valued at US$200 million.

10) Iron and Steel Company for manufacturing iron and steel in a Special Economic Zone - valued at US$1.1 billion.

11) Berhard Development Corporation (Pvt) Ltd on Diamond processing, Diamond Training School & Diamond Exchange Trading Special Economic Zone - valued at US$53 million.


Total Value of the approved Projects: US$5 339 665 000

Watch Minister Monica Mutsvangwa address a cabinet brief press conference where she announced that President Mnangagwa had approved 11 investment projects worth $5.3 billion.


Source - youtube

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