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China to Setup Explosives Firm to Help The Mining Industry in Zimbabwe

Feb 5,2019

It is reported that China's in charge of affairs Mr. Zhao Baogang as saying that China will soon set up an explosives manufacturing firm in Zimbabwe that will boost the southern African country's mining industry. After meeting President Emmerson Mnangagwa he told journalists that the explosives firm will also help boost Zimbabwe's economy through foreign currency generation.

 

Mr. Zhao said that "We expect that we will have more projects in Zimbabwe in 2019. One is the explosive factory furniture factory and another one is the furniture factory between China and Zimbabwe. This project will be launched very soon so they don't have to import explosives from other countries and it will help Zimbabwe a lot especially in the development of mining. After the establishment of this project Zimbabwe will save a lot of foreign currency and in turn, it will also help Zimbabwe earn foreign currency."

 

He said in 2019 China is looking forward to implementing more cooperation projects with Zimbabwe. In April 2018, China rolled out multi-billion dollar infrastructure projects in Zimbabwe in 2018 as it stepped up bilateral cooperation following the elevation of ties between the two nations from all-weather friends to a comprehensive, strategic partnership of cooperation.