Zimbabwe gains traction in World Economy

Staff Reporter

Zimbabwe continues to engage and re-engage international development partners and World economic players as the country stomps feet in its quest to resuscitate the economy. Minister of Foreign Affairs and International Trade, Fredrick Shava led a Government delegation at the United States – Africa Leaders’ Summit where the team exploited the forum to make true representations of the country’s economic situation.

Minister of Information Publicity and Broadcasting Services, Monica Mutsvangwa told members of the press after a Cabinet Brief that the Minister of Foreign Affairs and International Trade, Fredrick Shava held strategic talks with the Biden Administration and the African Development Bank as they discussed bilateral relations and investment opportunities.

"The Minister of Foreign Affairs and International Trade, as head of the Zimbabwe delegation, held a number of meetings with officials of the Biden Administration where bilateral issues were discussed. The Minister also held meetings with the African Development Bank (AfDB)’s Director General for Southern Africa and the Chief Executive Officer of Recovered Energy Resources, who expressed willingness to invest in Zimbabwe", said Minister Mutsvangwa.

Minister Mutsvangwa noted that the MOFAIT delegation also attended the Annual World Economic Forum held in Davos where the delegation also put Zimbabwe on the world economy map as they discussed issues concerning value addition of minerals.

"The nation is being informed that the Minister of Foreign Affairs led the Zimbabwean delegation to the World Economic Forum, whose theme was “Co-operation in a Fragmented World.” The Zimbabwean delegation emphasized the need to promote value addition and beneficiation of such minerals as lithium, platinum group of minerals and rare-earth minerals. The delegation also held bilateral meetings with a number of delegations from other countries, and discussed issues of mutual interest", said Minister Mutsvangwa.

Meanwhile, Minister Mutsvangwa added that Minister Shava had also taken part in the United States-Africa Leaders' Summit where African leaders discussed various issues concerning climate change, health and investment in Africa.

“Cabinet received and noted a report on Zimbabwe’s participation at the Summit as presented by the Minister Shava.

“They identified climate change as one of the key factors that are exerting pressure on limited resources in African countries. The leaders also stressed the importance of partnering the USA in the fight against HIV/AIDS, Tuberculosis, Ebola, Malaria, Cholera and other diseases. The American administration committed to invest at least US$55 billion in Africa over three years", said Minister Mutsvangwa.