Unpacking Chinese deals

via Unpacking Chinese deals – The Sunday Mail 7 September 2014

The mega deals clinched during President Mugabe’s recent State visit to China are set to ignite an economic revolution that will create thousands of jobs within the next three years, Presidential spokesperson Cde George Charamba has said. Under several agreements signed during the visit, the Asian giant pledged to support Zimbabwe’s key economic areas among them energy, roads, railways, telecommunications, agriculture and tourism.

The overarching assistance homes in on wealth-creation underpinned by infrastructure and agriculture development, both major elements central to the Zimbabwe Agenda for Sustainable Socio Economic Transformation (Zim Asset).

critical component of the economic blueprint sets a target of two million jobs by 2018.
On Thursday, President Mugabe commissioned the Kariba South Power Extension Project which is expected to generate 300 megawatts by 2017.

The project – jointly funded by the Chinese and the Zimbabwe Power Company – will progressively employ over 700 people.
The country’s unemployment rate is 11 percent, and the majority of the employed is in the small and medium scale enterprises sector, according to the latest National Population Census Report.

Cde Charamba told The Sunday Mail that the deals herald the latest economic action model which focuses on triggering economic activity as opposed to depending on financial aid.
He said Government would be able to enumerate the number of jobs created via the Chinese deals within the next three years. He was optimistic, though, that the initiatives will help Government meet its two million-job target.

COMMENTS

WORDPRESS: 10
  • comment-avatar
    John Thomas 8 years ago

    Ah comrades, as deluded as ever I see.

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    Parangeta 8 years ago

    Unemployment at 11% –
    you mean ’employment’
    is at 11%, and those
    are all in the crooked
    ZANU-PF Government.

    Get your facts right you idiot!
    It’s 86% unemployment….

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    No. Its 94% unemployment. Growth is – minus 6%. Dreamers deluded

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    Tinomunamataishe 8 years ago

    This is lying through the teeth at its best. Unemployment at 11%? Where are those imaginary numbers coming from?

    One of the key fundamentals in trying to solve a problem is to first admit that there is a problem in the first place. But with the Zanu PF administration churning unbelievable unemployment figures like this any hope of unemployment being reduced are shattered because once again Zanu PF is hiding its head in the sand and saying unemployment is at 11% when reality on the ground is screaming that the jobless rate is more than 80% and increasing.

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    tapiwa 8 years ago

    He meant to say unemployment will go down by a further 11% in the next 3 years

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    masvukupete 8 years ago

    “Unpacking Chinese deals”, I dont see anywhere the unpacking of the deals. If this is what you call an analysis of the deals, no wonder Zimbabwe has 11% unemployment giving it the best employment statistics in Africa.

    News from another publication

    At 51.2 percent, Namibia joins the likes of Mozambique, Zambia and Zimbabwe in the sub-region, countries whose unemployment rate has shot above the 50-percent mark, with Zimbabwe standing at 95 percent. Botswana has the lowest unemployment rate in the SADC region at 7.5 percent (2007), while regional powerhouse, South Africa stands at 25 percent.

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    Kakwinya 8 years ago

    I skeptical about these jobs. Propaganda will not create jobs.

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    The Mind Boggles 8 years ago

    Must be good weed they smoke in these politburo/ZPF meetings !!!! Wonder who supplies it???

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    nyakureva 8 years ago

    If Zim. has a population of 14149648million and 60% of it are employable age which is 8.5mil, of which 89% or 7.6mil are employed. That leaves us with 0.9mil without jobs. Why would we need to create 2mil jobs? 900 000 jobs will do then unemployment will be zero. viva