Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Project

China to set up explosives firm in Zimbabwe to help mining industry

February 01, 2019


Abstract : China will soon set up an explosives manufacturing firm in Zimbabwe that will boost the southern African country's mining industry, China's charge d'affaires Zhao Baogang said Thursday.

HARARE, Jan. 31 (Xinhua) -- China will soon set up an explosives manufacturing firm in Zimbabwe that will boost the southern African country's mining industry, China's charge d'affaires Zhao Baogang said Thursday.

He told journalists after meeting President Emmerson Mnangagwa that the explosives firm will also help boost Zimbabwe's economy through foreign currency generation.

"In 2019 we expect that we will have more projects in Zimbabwe. One is the furniture factory and another one is the explosive factory between China and Zimbabwe. This one will be launched very soon and it will help Zimbabwe a lot especially in the development of mining so they don't have to import explosives from other countries.

"After the establishment of this project Zimbabwe will save a lot of foreign currency and the project will also help Zimbabwe earn foreign currency," said Zhao.

He said China is looking forward to implementing more cooperation projects with Zimbabwe in 2019.

China rolled out multi-billion dollar infrastructure projects in Zimbabwe in 2018 as it stepped up bilateral cooperation following the elevation of ties between the two nations from all weather friends to comprehensive, strategic partnership of cooperation in April last year.

Some of the projects include the 300-megawatt Kariba South extension project, the 1.5-billion-dollar Hwange Thermal Power Station expansion, Harare International Airport expansion and the new parliament building.

"We expect that these projects will inject vitality into the bilateral relations. The relations between the two countries will be raised to a new level," Zhao said.

He expressed the hope that Zimbabwe's economy will soon recover and start growing through the reforms being implemented by Mnangagwa's government.

"We have strong confidence in this country. After the efforts by the government we believe that more investments will be attracted, the economy will go back to normal and the country will become prosperous and strong," he added.

Scan the QR code and push it to your mobile phone

Keyword: International-cooperation China-Zimbabwe

Most Read

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial