Tag: China

Zim’s China ‘mega deals’ in doubt

Zim’s China ‘mega deals’ in doubt

Zimbabwe’s vaunted multi-billion dollar energy and infrastructure deals with China are “in jeopardy” following Harare’s ill-advised seizure of all diamond mining claims in Chiadzwa, including those owned by Anjin Investments (Private) Limited (Anjin). The controversial decision does not only have a negative impact on investment inflows into the country, but […]

Zim’s Defence ministry, Chinese at loggerheads

Zim’s Defence ministry, Chinese at loggerheads

A rift has developed between the Ministry of Defence ministry and a Chinese investor over a multi-million dollar shopping mall after the army unilaterally used the property as collateral to secure a US15,8 million loan on behalf of a local communications service firm, the Zimbabwe Independent has learnt. Information at […]

China leads Zim towards recession

China leads Zim towards recession

THE contagion from China’s ongoing financial meltdown will likely drive Zimbabwe into a worse recession this year, experts warned this week, after Harare ill-advisedly adopted the yuan as a reserve currency this month. This comes as  the People’s Bank of China, the central bank, last Thursday devalued the yuan to 6.5646 […]

China deals: No quick joy, Mugabe warns

China deals: No quick joy, Mugabe warns

ZIMBABWEANS struggling in a faltering economy should not expect immediate relief from the deals the country recently concluded with China, President Robert Mugabe has warned. The veteran leader recently played host to Chinese leader President Xi Jinping and, according to state media, signed 10 investment deals with more than US$1 […]