Economic Planning Minister Tapiwa Mashakada today said China could invest up to $10 billion in Zimbabwe. “We have met with officials from China Development Bank and they have said they are willing to invest up to $10 billion in Zimbabwe,” he said but he did not state when that investment would take place. “The Chinese are now moving towards strict due diligence, accountability and transparency.
Zimbabwe whose agricultural output grew by 34 percent last year pushing overall economic growth to 8 percent is expected to have another bumper harvest this year and this could propel gross domestic growth by as much as 15 percent.
A war veteran who is a member of the ruling ZANU-PF has come up with a new theory on why the Movement for Democratic Change (MDC) now seems headed for a permanent split.
The Movement for Democratic Change has accused President Robert Mugabe of tribalism after he said Arthur Mutambara would remain Deputy prime Minister unless he resigns.