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