JUST IN: Zim firm signs $500 million deals in China 

From Victoria Ruzvidzo in Beijing China
A local firm has secured $500 million worth of deals here set to help transform Zimbabwe’s agriculture, mining and transport sectors.

In an interview here this morning, Platinum Agriculture and Princewood Enterprises director Mr Dakarayi Mapuranga said their week-long visit had yielded positive results for Zimbabwe’s economy.

A $400 million was signed with China’s Lovol company that produces heavy machinery for agricuture and mining while a $40 million revolving facility was secured with Good Agro-Rising for the supply of chemicals for tobacco and other export-oriented crops.

Furthermore, Platinum Agriculture secured an $80 million deal for the supply of irrigation equipment that includes centre pivots and drip irrigation systems.

Play the video below:

At least 1 500 buses would also be brought into the country to ease transport challenges in Harare and other towns following a public mass transport deal signed with Allen Bus.

In an interview here this morning, Platinum Agriculture and Princewood Enterprises director Mr Dakarai Mapuranga said their weeklong visit had yielded positive results for Zimbabwe.

Play the video below:

“We came here as a private sector contingent accompanied by technicians from the Ministry of Agriculture. Our mission was to sign public-private sector initiatives to help Zimbabwe’s economic recovery, ” said Mr Mapuranga

More deals are expected to be sealed, with a number of private sector players having come here ahead of the President Mnangagwa’s visit.

 More to follow…