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Labrish
Nyuuz
China bets big on Zimbabwe with US$10B surge
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[QUOTE="Munyaradzi Mafaro, post: 71436, member: 636"] Chinese investment in Zimbabwe has grown substantially, with more than 1,400 new Chinese enterprises registered since 2022, representing a projected investment value of over 10 billion dollars. Chinese Ambassador Zhou Ding shared these figures during a recent dialogue in Harare focused on aligning China’s next Five-Year Plan with Zimbabwe’s Vision 2030. He reported that bilateral trade reached 3.8 billion dollars in 2024. Ambassador Ding stated that these trade and investment activities now support the livelihoods of over one million Zimbabweans. He highlighted several major infrastructure projects funded by China, including upgrades to the Hwange and Kariba power stations, the expansion of Victoria Falls Airport, and the construction of the New Parliament Building. He also expressed confidence that a new Chinese zero-tariff policy for African exports would further boost Zimbabwe's economy and job market. [/QUOTE]
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Labrish
Nyuuz
China bets big on Zimbabwe with US$10B surge
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