Chinese Investment In Zimbabwe Hits US$10 Billion, Says Diplomat

China’s Ambassador to Zimbabwe, Zhou Ding, says Chinese businesses have invested about US$10 billion in Zimbabwe over the years, making China the country’s largest source of foreign investment.

Speaking as a guest of honour at the 2026 Zimbabwe Business Hall of Fame Induction Ceremony and Awards Presentation in Harare last week, Zhou said bilateral trade reached a record US$4.4 billion in 2025.

“For many years, China has been Zimbabwe’s largest source of foreign investment, with total investment by Chinese enterprises reaching approximately 10 billion US dollars,” said Zhou.

The projects include the expansion of the Kariba South and Hwange power stations, and the Robert Gabriel Mugabe and Victoria Falls airports.

Zhou also highlighted major Chinese-invested projects in lithium processing, steel, cement and solar energy. He said these are delivering “tangible benefits: they create jobs, increase fiscal revenues, and actively promote technology transfer and skills training.”

He added that cooperation between Harare and Beijing is rooted in a historic friendship forged during Zimbabwe’s liberation struggle, when China provided military training, material help and diplomatic support.

More: The Herald

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