mumbengegwi.jpgForeign Affairs Minister Cde Simbarashe Mumbengegwi , Zimbabwean and Chinese Ministers of various sectors are to meet in Harare in May to finalise details on national development projects to strengthen the Zimbabwean economy.

This follows Cde Mumbengegwi’s visit to China which he has described as very successful.

In his briefing to the local media in the capital this evening, Cde Mumbengegwi said China and Zimbabwe have signed an agreement on economic and technical cooperation under which China will provide a grant of US$ 2 900 000.

The money will be used to finance projects jointly identified by the two sides in support of Zimbabwe’s Economic Recovery programme.

 

The Chinese government also reaffirmed its support for the inclusive government and gave assurances that China will continue to encourage companies from that country to invest in Zimbabwe in the areas of agriculture, mining and infrastructure development among other sectors.

 

Minister Mumbengegwi said in the next 3 years Zimbabwe and China have planned to further deepen their cooperation through the identification of new projects under the 8 new measures announced by premier Wen Jiabao during the 4th FOCAC meeting in November last year, the twinning of the Chinese cities of Shanghai and Yiwu with two Zimbabwean cities and exchanges of high powered delegations.

The Chinese city of shanghai is one of the world’s fastest growing business center and China’s financial capital , while  Yiwu is the world’s biggest small commodities for daily necessities market.

 

Minister Mumbengegwi’s delegation to China included the Chief Executive Officer of Agribank Sam Malaba and they had the opportunity to meet top Chinese leaders and to visit the cities of Shanghai and Yiwu.