The Sunday News
THE Asian tiger has earmarked $120 billion for co-operation with Africa under the initiative. China’s acting ambassador to Zimbabwe Zhao Baogang was speaking at a workshop organised by the Confederation of Zimbabwe Industries (CZI) and facilitated by the UZ Graduate School of Management on how Zimbabwe can unlock Chinese funding.
“What is interesting is that Zimbabwe is also part of this (Belt and Road). This year President Emmerson Mnangagwa visited China, we signed MoUs . . . I believe that Zimbabwe will benefit greatly from the Belt and Road Initiative,” Ambassador Baogang said.
“We expect that Zimbabwe could benefit from the concessional loans provided by the Chinese government, by Chinese financial institutions under the framework of Focac. The most important thing is that the different departments of the Government have to have more co-ordination and come up with bankable, feasible projects; give us a list of projects then we can have more consultations on these and then in future we hope we can reach consensus on some of the projects.”
ALL SHARE
The All Share index closed the week higher at 169.39 points after gaining 1.84 points (1,10 percent). Old Mutual added $0,2383 to trade at $7,5068, Innscor traded $0,1301 higher at $1,7909 and NatFoods rose by $0,1000 to close at $6,6000. SeedCo International put on $0,0800 to trade at $1,6100 and TSL moved up by a further $0,0500 to close at $0,6000.
Two counters lost ground; Padenga dropped $0,0002 to settle at $0,9400 while Econet marginally dropped $0,0001 to settle at $2,4995.
