Mnangagwa deals update: Zimbabwe secures investment deals worth US$16 billion since Mnangagwa came into power


President Emmerson Mnangagwa says his administration has secured investments worth US$16 billion since he came into power adding that his government is prioritizing business and economics as the country gears up for the 2018 elections slated for 30 July.

Speaking at the Zanu PF Youth League National Convention in Gweru today, Mnangagwa said only business can revive the country.

“We have attracted in this country around US$16 billion in terms of projects alone and this must go towards the creation of employment.

“Business brings food on the table, sends children to school, builds hospital and there is development only if there is business, so Zimbabwe is open for business,” he said.

“Investors are coming to Zimbabwe to do business because we are preaching and securing peace. Preaching and Maintaining peace is not just a duty for the leadership, it is a national duty for all citizens,” he added.

He said American companies are prepared to invest in Zimbabwe’s energy sector, specifically in the Batoka Gorge hydro-power station.

Mnangagwa further told the party youths that Zimbabwe has since written to the US to have sanctions (ZIDERA) scrapped to allow US firms to invest in Zimbabwe.

“We have attracted even American big companies to do an over US $5 million dollars investment in the Batoka Gauge to increase by over 2000 megawatts into the national grid,” he said.

Mnangagwa added that his priority now was embracing the international economy and modernizing infrastructure.

– 263Chat

Breaking News via Email

Enter your email address to subscribe to our website and receive notifications of Breaking News by email.