China remained the biggest investor in Zimbabwe in the first five months of this year. But forget the politics. Zimbabwe’s so-called principal enemies, Britain and the United States, were both in the top 10.
Figures released by the Zimbabwe Investment Authority showed that projects from China approved by ZIA between January and May totalled $100.3 million. The bulk of the investments, $81.3 million, were in manufacturing.
Other Chinese investments approved were: $16.2 million in mining, $2.5 million in services and $402 000 in tourism.
Chinese investment accounted for 82 percent of the $134.1 million worth of projects approved.
Mauritius was in second place with $11.1 million, the bulk, $9.3 million in mining, and the balance, $1.8 million in services.
South Africa was also interested in mining with $7.2 million and $615 000 in services.
Britain was in fourth place with investments in services, mining and manufacturing. Total approved projects were worth $3 million.
Israel was in fifth place, with all projects in mining.
The United States was placed eighth out of the 18 countries whose projects were approved.