Zimbabwe woos potential Chinese investors

New Ziana > Local News > Zimbabwe woos potential Chinese investors

Harare, (New Ziana) – A high-level Zimbabwean delegation, led by ZANU PF Deputy Secretary for Economic Affairs and Investment Promotion, Endy Mhlanga, is wooing potential investors at the 9th China International Import Expo (CIIE), targeting the nation’s burgeoning infrastructure and mining sectors.

The mission, centered on President Emmerson Mnangagwa’s “Zimbabwe is Open for Business” policy, is part of broad efforts by the government to transition the country from a raw material exporter to an industrial hub through value addition and domestic beneficiation.

On Sunday, the delegation held high-level talks with executives at Feny Company Limited in Changsha, Hunan Province.

Mhlanga positioned Zimbabwe as Africa’s premier investment destination, citing its status as the continent’s second fastest-growing economy.

“The mining sector has witnessed increased investments in gold, lithium, iron, and steel production,” he said, inviting Chinese firms to establish operations in Zimbabwe’s Special Economic Zones (SEZs).

The engagement with Feny Company Limited – a specialist in paste-filling technology for coal and metal mines – comes as Zimbabwe’s mining exports surged from $10.9 billion in 2025 to $14.9 billion in 2026.

The government views such technical partnerships as essential for sustaining this growth and enhancing mine safety and efficiency.

Addressing potential investors, the delegation highlighted Zimbabwe’s current macroeconomic stability as a primary incentive.

Despite global energy volatility, the country has maintained a single-digit inflation rate averaging 3.95% since January 2026, marking its most stable economic period in 30 years.

The delegation includes ZANU PF Director for Economic Affairs, Hon. Anastancia Ndhlovu, and the Ministers of State for Provincial Affairs and Devolution for Matabeleland South and North, Hon. Albert Nguluvhe and Hon. Richard Moyo, signaling a unified government and party effort to decentralize industrial growth.

The delegation is specifically wooing investors to invest in value addition and beneficiation of the country’s abundant natural resources, including minerals.

The Ruling Party views this as a lucrative opportunity for Chinese firms to establish operations within Zimbabwe’s Special Economic Zones.

Mhlanga said the engagement will trigger harvesting of low-hanging business opportunities for Zimbabwe.

“I am positive that the engagements consolidate our efforts towards a solid win-win shared future for us all through our collaborations. It further cements the strong bilateral ties between our two countries and great Parties, that is ZANU PF and the Communist Party of China (CPC),” he said.

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