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Zimbabwe’s is expecting to welcome more Chinese visitors as a result of the investment Zimbabwe’s is expecting to welcome more Chinese visitors as a result of the investment

Zimbabwe Signs MoU for USD1.2 Billion Chinese Investment

Emmerson Mnangagwa, president, Zimbabwe, recently witnessed the signing of a memorandum of understanding (MoU), which is anticipated to unlock USD1.2 billion worth of investments into the tourism and hospitality industry from Touchroad International Holdings Group, a Chinese company.

Priscah Mupfumira, minister, tourism and hospitality, Zimbabwe, signed the MoU on April 06, with Touchroad International Holdings Group during a visit to Hangzhou Province, China, at a ceremony witnessed by Mnangagwa, as well as various government ministers and industry stakeholders.

Mupfumira said Zimbabwe was not significantly present within China with regards to tourism, and that they would like to engage further with the Chinese market to be successful.

Touchroad International Holdings is a privately owned company, with its Shanghai-based headquarters, and has business interests across a variety of sectors. The company has operations within more than 25 African countries.