Zimbabwe President Mugabe invites Chinese businesses to invest in infrastructure

08:07, July 08, 2010      

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Zimbabwe President Robert Mugabe on Wednesday urged Chinese businesses to invest in developing infrastructure in the various productive sectors of the economy for the country to develop rapidly and turn its fortunes around.

Mugabe made the call when he met with visiting Chinese delegation that is in the country for the 8th session of the Zimbabwe-China Joint Commission. "The land which was in the hands of the British colonialists we took it and gave it to our people. Our people are now the farmers and not only do they need equipment, technology and inputs they need necessary capital invested to capacitate them," he said.

Mugabe said Zimbabwe needs investment in agricultural infrastructure in different sub sectors, namely tobacco, cotton, maize, livestock and horticulture.

He said the infrastructure would enable the sectors to expand and meet the domestic and export requirements. The country also needs to revamp the irrigation systems and this required capital, he said.

Mugabe urged China to also invest in other key economic sectors such as mining and manufacturing.

"We also have the mining sector which is a fertile sector full of minerals and we have quite a variety of minerals ranging from chrome, iron, and copper and for precious stones we have gold, emeralds and recently diamonds," he said.

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