Sunday, 24 Nov 2024

Zimbabwe seeks to boost investments in China

Zimbabwe’s government says it’s broke and needs direct foreign investment to improve infrastructure.

    Zimbabwe’s President Emmerson Mnangagwa is in China seeking investments that his administration believes could help the country’s struggling economy. Mnangagwa has met Chinese President Xi Jinping in Beijing where the two sides have signed a range of business deals.

    Economists say that this is a positive move, but warn that Zimbabwe has sometimes failed to pay back loans it has received from China.

    Al Jazeera’s Haru Mutasa reports from Harare on the impact Chinese investment has already had.

    Source: Read Full Article

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