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Zimbabwe: Firms Urged to Take Advantage of Chinese Fair
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 Published by the government of Zimbabwe |
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The Herald (Harare)
23 July 2008
Posted to the web 23 July 2008
Walter Muchinguri
Harare
LOCAL companies have been called upon to take advantage of the forthcoming 12th China International Fair for Investment and Trade, which takes place from September 8 to 11, to promote their products and businesses.
The Zimbabwe Investment Authority's chief executive Mr Richard Mbaiwa, whose organisation is co-ordinating companies that are interested in attending the event, said it was an opportunity that local companies should not miss.
He said the event provides local companies with enormous opportunities to seek both financial and technical partner- ships with their Chinese counterparts.
"This opportunity is coming at the right time and we would like to call upon all interested Zimbabwean companies to come forward and participate with us," he said.
He added that interested companies should submit their profiles and specific project profiles that they are seeking joint venture partnerships in for consideration.
At least three activities would run concurrently with the Fair, the investment symposium where the Government through its parastatals would make presentations on investment opportunities in Zimbabwe.
There would also be a project match-making symposium where private companies would be afforded an opportunity to interact with Chinese companies that they might want to create synergies with and the African commodities exhibition where companies would be allowed to exhibit or even sale their products.
China is currently the biggest contributor of Foreign Direct Investment in the country.
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The pattern of investment has seen a shift from textiles and garment manufacturing to the more technical areas of mining and cigarette-manufacturing, among others.
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