Bulawayo Opens Door For Chinese Investors
Published: 2016 May 06 12:47:03 (4595 Views)
The Bulawayo City Council has unveiled plans to lure Chinese investors to revive the cities ailing manufacturing sector.
Bulawayo mayor Martin Moyo, is set to visit China this month, council minutes have revealed.
The city’s industry needs an estimated $500 million in the short term to recapitalise, according to economic analysts.
According to the latest council minutes, the acting town clerk Sikhangezile Zhou reported that the Ministry of Macro Economic Planning and Investment Promotion was coordinating an Investment Promotion trip to Qingdao, China early this month to scout for investment and Bulawayo officials were invited to attend.
The minutes also revealed that the visit would be a follow up on the meeting held by Moyo and Bulawayo provincial affairs minister Eunice Sandi Moyo with the Chinese delegation in Harare on the 6th of January 2016.
BCC was therefore requested to come up with a delegation of at least five people which may include the mayor and four other technocrats that would accompany Sandi-Moyo to Qingdao, China.
As part of the council efforts to lure investors into the city, Bulawayo has opened up vast swathes of vacant land in various suburbs for development and investment.
- The Source
Bulawayo mayor Martin Moyo, is set to visit China this month, council minutes have revealed.
The city’s industry needs an estimated $500 million in the short term to recapitalise, according to economic analysts.
According to the latest council minutes, the acting town clerk Sikhangezile Zhou reported that the Ministry of Macro Economic Planning and Investment Promotion was coordinating an Investment Promotion trip to Qingdao, China early this month to scout for investment and Bulawayo officials were invited to attend.
The minutes also revealed that the visit would be a follow up on the meeting held by Moyo and Bulawayo provincial affairs minister Eunice Sandi Moyo with the Chinese delegation in Harare on the 6th of January 2016.
BCC was therefore requested to come up with a delegation of at least five people which may include the mayor and four other technocrats that would accompany Sandi-Moyo to Qingdao, China.
As part of the council efforts to lure investors into the city, Bulawayo has opened up vast swathes of vacant land in various suburbs for development and investment.
- The Source
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