Chinese delegation expected today

Business Reporter
A 12-member business delegation from the Qingdao province of China is expected in Zimbabwe today for a four-day visit which will include signing a Memorandum of Understanding (MoU) on investment collaboration.

The 12-member delegation comprises of representatives of the Qingdao Overseas Investment Service Centre, the Qingdao Branch of the People’s Bank of China, the Qingdao Bureau of Commerce, and the Qingdao Communist Party of China (CPC) Committee.

“The Ministry of Macro Economic Planning and Investment Promotion shall host the delegation and shall be signing the MoU with the Qingdao Bureau of Commerce.

“The MoU will provide a platform for; investment collaboration; staff capacity building and identification of priority projects between our country and Qingdao,” the permanent secretary in the Ministry of Macro Economic Planning and Investment Promotion Dr Desire Sibanda said.

He said the ministry has organised a half day investment conference to be held at Crowne Plaza Hotel which will provide a platform for the delegation to meet the private sector, parastatals, Local Authorities and other interested investors.

The objectives of the conference include, to ensure that concrete deals are discussed and cemented for the mutual benefit of both business parties and countries; to present the reforms being undertaken to improve the doing business environment in the country and to promote the uptake of the country’s priority projects.

The conference will seek to increase interaction between Zimbabwean business people and their Chinese counterparts and to enhance further cooperation between Zimbabwe and China.

The Ministry of Macro Economic Planning and Investment Promotion has invited the Ministries of Local Government, Public Works and National Housing; Industry and Commerce; Finance and Economic Development; Agriculture, Mechanisation and Irrigation Development; Mines and Mining Development; Transport and Infrastructure Development; Health and Child Care, Environment, Water and Climate Change; Youth Development, Indigenisation and Empowerment; Small and Medium Enterprises and Cooperative Development; Energy and Power Development; Foreign Affairs; Information Communication Technology, Postal and Courier Services; Zimbabwe Investment Authority; the Reserve Bank of Zimbabwe; the Zimbabwe Revenue Authority; the Zimbabwe Energy Regulatory Authority; the Environmental Management Authority and ZimTrade.