Chronicle Editor
Thupeyo Muleya, Beitbridge Bureau
President Mnangagwa has said that the re-engagement and engagement of old and new strategic partners has helped boost investor confidence in Zimbabwe.
He noted that more players were now taking up opportunities, especially in the mining and energy sectors.
The move, he said, will greatly contribute to Zimbabwe’s industrial and national economic development.
The President made the remarks while officiating at the ground-breaking ceremony at the Palm River Energy industrial park in Beitbridge on Monday.
“Our re-engagement and engagement initiative as the Second Republic is paying dividends,” said the President.
“We commend Xintai Resources for coming forward to invest in the mining and energy sector through the setup of this industrial park, whose first phase is almost complete.”
The project, whose first phase is being carried out by the Government and the Chinese mining company, is being executed in four phases over 12 years.
It is expected to include a coking plant, a thermal power station, a ferrochrome processing plant, and a carbon and steel plant.
Online Reporter