China to invest billions in Zimbabwe


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Economic Planning Minister Tapiwa Mashakada today said China could invest up to $10 billion in Zimbabwe.  “We have met with officials from China Development Bank and they have said they are willing to invest up to $10 billion in Zimbabwe,” he said but he did not state when that investment would take place.  “The Chinese are now moving towards strict due diligence, accountability and transparency. At the end of the day this really depends on us, how we position ourselves as a destination for investment. China is coming in a very big way,” Mashakada said.

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Charles Rukuni
The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

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