Zim-China mega deals bearing fruits PDF Print E-mail
Tuesday, 10 January 2017 19:54

Zimbabwe and China have cooperated in various sectors of the economy such as agriculture, energy, telecommunications, broadcasting and mining with the potential of expanding the existing agreements into the services sector.

State enterprises and the private sector have benefitted from such agreements which are bearing fruits.

Zimbabwe signed a number of economic agreements with the Asian giant in the last two years which are expected to transform the country’s economic landscape as thousands of people will be employed when most of the projects take shape.

The energy sector has been the major beneficiary as China-Eximbank is funding the expansion of Kariba South Power Station and the Hwange Thermal Power Station which are expected to contribute 1 200 megawatts to the national grid when complete.

The digitalisation process that the Broadcasting Authority of Zimbabwe is embarking on is being funded by the Chinese while also a telecommunications firm Huawei is assisting with technical expertise.

The programme is expected to create 12 new channels with Zimbabwe Broadcasting Corporation expected to come up with a 24 hour news channel when the programme is complete.

Agriculture being the mainstay of the country’s economy has a also attracted funding and assistance from the Asian giant which the parliamentary portfolio committee chairman on agriculture Cde Christopher Chitindi say will go a long way in boosting productivity.

The local telecommunications firms have benefitted from the 'Look East Policy' with NetOne having erected over 48 base stations while TelOne has a US$98 million loan from China Eximbank which has been utilised towards rolling out of fibre optic.

With such milestones that government has made with China, it is only those short sighted to continue believing that the West can do better.

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