Zimbabwe and China advance strategic cooperation through state-level agreements

Zimbabwe and China have commenced the implementation of key bilateral projects agreed during the State Visit by President Emmerson Mnangagwa to Beijing. This is reported by The Herald, a partner of TV BRICS.

Prior to this, the nations signed 17 legal instruments, which included 14 Memoranda of Understanding and three Letters of Exchange.

These agreements are designed to broaden collaboration in critical sectors such as investment, trade, infrastructure, mineral resources, renewable energy, and digital technology.

President Mnangagwa also participated in the High-Level Meeting on State Government, where he outlined his vision for an independent African development trajectory.

According to the source, Zimbabwean trade and investment volumes have surged, with Chinese investments rising from US$445.9 million in 2019 to US$3.4 billion in 2023. Bilateral engagements have seen China commit over US$2.2 billion to major national infrastructure and energy projects in Zimbabwe, while more than 472 investment licences have been issued to Chinese entities.

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