President Emmerson Mnangagwa is on the last leg of his state visit to China, in Zhejiang Province, in the city of Hangzhou.
The President addressed a business forum in the province that has produced some of the most successful Chinese millionaires that are known in the world.
President Mnangagwa invited players in the financial services sector to come and establish financial institutions that offer the appropriate financial solutions and packages for the unique realities of Zimbabwe and the region and the African continent as a whole.
He explained that Zimbabwe has abundant quality, skilled and diligent human capital which is the cornerstone of any investment.
The President explained that Zimbabwe has great potential to become a regional hub for any sector which investors may choose to commit themselves.
He further highlighted that manufacturing sectors are in need of retooling and modernisation and prospects are abound in clothing and textiles, food processing, metals, electrical, leather and footwear, fertiliser manufacturing, pharmaceuticals and paper and plastics.
President Mnangagwa said Zimbabwe stands ready to draw lessons from China’s very successful experiences in the development and management of Special Economic Zones which are both geographical and commodity-based.
He added that of note is the Victoria Falls as a Tourism and Financial Services Hub and Kwekwe and Redcliff as the Iron and Steel Zone, Bulawayo as an Industrial Hub and Harare as the Technology Zone.
President Mnangagwa urged China businesses to take advantage of the new category of the new port of entry visa status to all Chinese nationals visiting Zimbabwe.
Cde Mnangagwa said he is keen to see the speedy rehabilitation, refurbishment and establishment of the country’s road, rail, air, energy, water and ICT infrastructure.
Earlier on, in another Chinese province, Anhui, President Mnangagwa explained that government is still working on a sound diamond policy for the country to ensure the mining sector in Zimbabwe benefits both the investors and the country at large.
President Mnangagwa explained to investors in Anhui the work that government is doing to attract foreign direct investment.
He explained to them that the requirement of 51 percent local ownership and 49 percent to foreign partners has been removed for all minerals, except for diamonds and platinum.