Chinese investments in Zimbabwe exceed US$10 billion

Speaking at the Zimbabwe-China Investment Symposium in Harare, Ding highlighted China's increasing support for Zimbabwe's shift towards value addition, moving beyond raw mineral extraction to local processing and industrial production. He emphasized that the future of Zimbabwe's mining sector lies in value addition, industrialization, and skills development, which are crucial for creating industries, developing skills, and generating sustainable employment. Chinese investments are acting as a key catalyst for Zimbabwe's industrial transformation, covering sectors such as mining, manufacturing, agriculture, energy, and digital infrastructure.

These investments are supporting local industries, creating jobs, and contributing significant tax revenues. An example cited is the Dinson Iron and Steel Plant in Manhize, a US$1.5 billion project that produces over 500,000 tonnes of steel annually, with 60% exported, generating vital foreign currency. Additionally, Chinese companies have invested over US$2 billion in Zimbabwe's lithium value chain since 2021, including projects like the Arcadia lithium sulphate plant and Sinomine's lithium sulphate processing plant at Bikita Minerals.

The continued expansion of value addition projects is expected to strengthen Zimbabwe's position as a leading mining and manufacturing destination in Africa.