Latest news with #Muswere
The Star
a day ago
- Business
- The Star
Zimbabwean minister hails Chinese-invested steel plant for boosting industrialization
HARARE, Aug. 16 (Xinhua) -- Zimbabwean Minister of Information, Publicity and Broadcasting Services Jenfan Muswere has said the Chinese-invested Dinson Iron and Steel Company (DISCO) has boosted the country's industrialization efforts. Speaking during a media tour on Friday, Muswere hailed the project as one of the success stories under the leadership of President Emmerson Mnangagwa, noting that it reflects Zimbabwe's quest to attain industrial sovereignty. "For many decades, Zimbabwe has been importing steel worth billions of dollars, but with the coming on board of Dinson, the country is now benefiting from import substitution," Muswere said. He said the steel plant, which was granted a Special Economic Zone (SEZ) certificate, as well as the developer and operator permits by the Zimbabwe Investment and Development Agency last week, will enhance mineral beneficiation and value addition, thereby boosting employment creation and contributing to Zimbabwe's economic growth. Xu Kemin, chief executive officer of Dinson Group, said the SEZ status will help unlock Zimbabwe's industrialization potential and contribute to the country's economic growth. "We will be available to host new investment into the industrial park, especially in the zone. We believe that the zone is going to be the most successful, most vibrant zone in the country," Xu said, adding that the steel plant will be the anchor project in the industrial zone where upstream and downstream businesses are welcome to invest. DISCO, a subsidiary of China's Tsingshan Holding Group, commenced construction of the steel plant in Midlands Province in 2022 and aims to make Zimbabwe a major regional player in steel production.
The Star
08-07-2025
- Business
- The Star
Zimbabwe projects per capita income to exceed 3,000 USD in 2025 amid economic growth
HARARE, July 8 (Xinhua) -- Zimbabwe projects its per capita income to surpass 3,000 U.S. dollars in 2025 due to an improvement in economic activity, a minister said on Tuesday. Addressing a post-Cabinet media briefing in the Zimbabwean capital of Harare, Minister of Information, Publicity and Broadcasting Services Jenfan Muswere said the continued improvement in macroeconomic indicators puts Zimbabwe firmly on the path to achieving its goal of becoming an upper-middle-income economy by 2030. Figures released by the Zimbabwe National Statistics Agency in June show that the southern African country's gross domestic product (GDP) increased to 45.7 billion U.S. dollars in 2024, up from 44.4 billion dollars in 2023. "Zimbabwe is therefore evidently making progress toward an upper-middle-income status," Muswere said. Zimbabwe experienced an economic slowdown last year due to an El Nino-induced drought, which severely affected crop production. According to the government, the country's economy is expected to grow by 6 percent this year, driven by an anticipated recovery in agriculture and strong growth in industry and services.
The Star
20-05-2025
- Health
- The Star
Zimbabwe's cabinet approves MoU on health cooperation with China: official
HARARE, May 20 (Xinhua) -- Zimbabwe's Cabinet has approved a Memorandum of Understanding (MoU) between China and Zimbabwe on paired hospital cooperation, Zimbabwean Minister of Information, Publicity and Broadcasting Services Jenfan Muswere said Tuesday. Addressing a post-Cabinet media briefing, Muswere said the MoU will establish a cooperative relationship in respiratory and critical care medicine between Zimbabwe's Parirenyatwa Group of Hospitals and China's Hunan Provincial People's Hospital. "The objective is to strengthen the construction of respiratory and critical care medicine facilities in Zimbabwe and improve local capacity for the prevention, control, diagnosis, and treatment of COVID-19, as well as airway management and respiratory support for critical patients," Muswere said. Over the decades, China and Zimbabwe have achieved fruitful cooperation in the health sector. A total of 22 Chinese medical teams have been dispatched to Zimbabwe, playing an important role in boosting the country's health services.
