Zimbabwe and China Seal $55M Cooperation Deal, Strengthening Ties in Development and Trade

📅 Published: August 14, 2025

📰 Source: zimbabwesituation

Curated by AllZimNews.com

These agreements, concluded on Wednesday, August 6, 2025, come in the wake of President Emmerson Mnangagwa’s state visit to Beijing in 2024, during which several agreements were signed in agriculture, mining, and infrastructure.

During that visit, Chinese President Xi Jinping expressed his intent to deepen cooperation with Zimbabwe in areas such as investment, trade, clean energy, and the digital economy.

This partnership is in line with China’s broader strategy to develop an Africa–China network designed to spur economic growth on both sides.

In 2023, trade between the two nations grew by 29. 9% to reach $3. 12 billion, primarily driven by Zimbabwe’s exports of minerals and tobacco to China.

According to the International Trade Center, trade flows in 2024 were projected to reach $3. 8 billion, reflecting a 23. 9% increase from the previous year.

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