American Company Offers Zimbabwe US$200 Million Deal
United States of America-headquartered company John Deere has reportedly offered the Zimbabwean government a US$200 million deal to supply mining and road construction equipment.
This comes after the company entered into a US$51 million facility for farm mechanisation with Zimbabwe, with the first batch of the equipment arriving in the country early this year.
John Deere financial managing director for Sub Saharan Africa Antonis van der Westhuizen has since written to Permanent Secretary for Finance and Economic Development, George Guvamatanga, saying the company wanted to expand the operation.
The company’s new offer to the Zimbabwean government includes an additional US$49 million for farm mechanisation, US$100 million for construction and mining equipment and US$50 million for road making equipment, taking the total to US$250 million.
In the letter to Guvamatanga, van der Westhuizen said the offer would be subject to final credit approval by John Deere Financial if accepted by Government.
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Meanwhile, Transport and Infrastructure Development Minister Joel Biggie Matiza welcomed the proposed offer saying it would go a long way in boosting road construction projects being carried out countrywide.
