Zimbabwe will increase economic ties with friendly countries like China to develop its economy as Western nations maintain their sanctions after President Robert Mugabe’s re-election, the new finance minister said today.
Chinamasa told reporters the ZANU-PF party government had accepted the reality that the West would not remove financial and travel sanctions on the recently re-elected Mugabe and his senior allies and would not release any direct financial assistance.
“Because the doors have been closed by those who used to be our traditional partners, we have to intensify new economic relationships and friendships. That means every country that is friendly to Zimbabwe, including China,” he said.
After Western states imposed sanctions a decade ago against Mugabe over alleged violations of democracy and rights abuses in the former British colony he has ruled for 33 years, China has emerged as a major investor in the southern African state.
It has built the largest alluvial diamond mine in the east of the country and runs the biggest ferrochrome producer.