The Zimbabwe Tourism Authority (ZTA), ZimTrade and the Zimbabwe Investment Authority (ZIA) says their trip to China as part of the business delegation that accompanied President Emmerson Mnangagwa was tremendously fruitful.
This emerged at a joint press conference held in the Harare yesterday.
The CEOs of the three parastatals were among the more than 80 representatives from the public and private sectors who travelled with President Mnangagwa on his state visit to China earlier this month aimed at establishing and strengthening economic cooperation between the two countries.
The delegates seized the opportunity to scout for business opportunities in China and to draw lessons from the second biggest economy in the world.
“We are going to enter into a partnership with a company in China to build a tourism city, something like your Sun city in South Africa,” said Mr Karikoga Kaseke, the ZTA CEO.
ZimTrade Acting CEO, Mr Allan Majuru said with more than 1,6 billion people, China presents a big export market for Zimbabwean companies.
“Zimbabwe has got only about 14 million people and this is a small market. The Chinese market should be exploited if we are to increase exports,” he said.
A group of investors from China followed up on the discussions they made with the Zimbabwe Investment Authority (ZTA) when they recently visited the country to sign investment deals.
“When I was in China, I held marathon meetings with various business people who were willing to invest in Zimbabwe. Only last week, I hosted an 11 member business delegation at my offices,” ZIA CEO, Mr Richard Mubaiwa said.
Mr Oswell Binha of the CEO Africa Roundtable, who was also part of the business delegation, said Chinese are hard working and innovative and Zimbabwean businesses should learn from them to achieve success.