Chinese nickel giant to invest $800m in Zimbabwe

📅 Published: August 19, 2025

Curated by AllZimNews.com

He added that the expansion could raise carbon steel production from 600,000 metric tonnes annually to 1. 2 million tonnes.

The project’s first phase included a 50-megawatt thermal power plant designed to ease reliance on Zimbabwe’s fragile grid.

Additional power will also be generated from furnace gas, covering about 20% of the plant’s needs, according to management.

Zimbabwe’s Information Minister Jenfan Muswere said the expansion would help cut the nation’s annual steel import bill.

Reviving industrial backboneZimbabwe is positioning itself to host Africa’s largest steel plant, a project some experts say could transform the nation’s economy.

The government considers steel production a cornerstone of its efforts to revive manufacturing and boost infrastructure development, especially following the collapse of its largest steel facility under former President Robert Mugabe.

The plant’s closure in 2008, following years of mismanagement, underinvestment, and economic decline, has forced Zimbabwe to spend over $1 billion each year on steel imports.

Source – businessinsider More on: #Disco, #Invest, #Tungsten Recommended (adsbygoogle = window. adsbygoogle || []). push({}); END RECOMMENDED –> Comments Disqus commenting system is no longer available, following change in their terms of use. –> Mahatshula north stand with a 3 roomed cottage for sale, bulawayo Mahatshula north stand with a 3 roomed cottage for sale, bulawayo More Top Stories –>. 🔗

” style=”color: #007bff;”>admin@allzimnews. com.

Get the complete story and stay updated with the latest Zimbabwe news

All Zim News aggregates news from a variety of sources for public interest and historical record