Zim Govt Seeks For Chinese Financial Support

President Emmerson Mnangagwa last week despatched Finance and Economic Development Minister Mthuli Ncube and Reserve Bank of Zimbabwe Governor John Mangudya to China on a “relations management trip”, a report claims.

Zimbabwe Independent sources said that the government is seeking for fresh funding from the Asian giant. Said the sources:

The minister and governor were in China last week for a relations management mission which included meetings with government officials and departments, the private sector and financial institutions.

Basically, they were trying to bilateral issues. This means economic, trade, investment and funding issues.

The sources further claimed that Ncube and Mangudya left Harare last week Monday for Beijing where they met Chinese government authorities, department officials, financial institutions and the private sector.

However, China is said that Zimbabwe will only be able to access fresh funding when it makes repayment of arrears.

More: Zimbabwe Independent


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Government officialsJohn MangudyaMthuli Ncube

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John Panonetsa Mangudya is an economist and the current Reserve Bank of Zimbabwe governor. Mangudya, who sits on many local and international boards .He was made RBZ governor after the expiry of Gideon Gono's term in 2014. He had been CBZ Holdings Ltd Chief Executive... Read More About John Mangudya

Professor Mthuli Ncube is the Minister of Finance and Economic Development.He was the Chief Economist and Vice President of the African Development Bank ,financial, economics, investment, and public policy expert, entrepreneur and academic. Professor Ncube divides his time between the private sector in Switzerland and... Read More About Mthuli Ncube

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