.gif "Cash Connect")
Zimbabwe, China talks business
FMCG SUPPLIER NEWS
Fin24/ AFP - May 22nd, 09:35
Harare - Chinese Vice Premier Wang Yang arrived in Zimbabwe on Tuesday on a business visit praising Beijing's ties with the southern African country.
"Business co-operation is an important part of our friendly relations," Wang told reporters at Harare international airport where he was received by Vice President Joice Mujuru.
He said business relations "is the stabiliser of our friendly relations" with Zimbabwe.
Wang is set to meet long ruling President Robert Mugabe and Prime Minister Morgan Tsvangirai in separate meetings on Wednesday.
China has various business interests in Zimbabwe in include mining, agriculture and construction.
A Chinese mining company, Anjin is one of the few companies that mine diamonds at the controversial Chiadzwa diamond area in the eastern part of the country.
Another Chinese company constructed a $98m defence college for Zimbabwe while a $150m loan was provided to the country for the refurbishment of the Victoria Falls airport.
Last month Deputy Prime Minister Arthur Mutambara said African countries must benefit from Chinese investment and not be exploited.
"Why are we not making sure the engagement with China is on our terms, as Africans? Labour, skills, technology, value addition," he said at a China-Africa conference in South Africa.
"The Chinese must come to Africa on African terms. The terms that will allow the Chinese to make money but the terms that will also allow Africa to develop, win-win. China wins, Africa wins."
Related News
China’s consumer inflation rises
21/10/2013 - 10:58
hina's consumer price index (CPI), a key measure of inflation, climbed to 3.1 percent year-on-year in September, the government has said.
Distell taps into China's cognac market
09/10/2013 - 10:23
Johannesburg - South African liquor company Distell Group Limited [JSE:DST] has acquired a 60% share in fast-growing liquor distribution company CJ Wines & Spirits‚ expanding its presence in the East.
China VAT hike to hit SA consumers
30/09/2013 - 15:54
Johannesburg - China's decision to place a 6% VAT charge on freight and related costs is going to have an impact on the importing price from China, warned Asgar Mahomed, managing director of ICT distributor, Esquire Technologies.
Pelhams forecasts half-year loss, Zimbabwe
27/09/2013 - 13:22
Zimbabwe Stock Exchange-listed household and appliance retailer, Pelhams Limited, is forecasting a loss in the first half to September due to subdued consumer spending on the back of an underperforming economy, a company official has said.
Edgars Stores Limited after-tax profit up 17 percent, Zimbabwe
27/09/2013 - 13:00
Edgars Stores Limited after-tax profit for the 26 weeks ended July 6 was up 17% to $1,1 million, buoyed by growth in revenue.
