Govt✍ Signs $1,2bn Tourism💰 Investment Deal🤝

  |   Zimbabwe / Zimbabwe News

Image Credits: The Herald

President Mnangagwa yesterday witnessed the signing of a Memorandum of Understanding that will unlock $1,2 billion worth of investments into the tourism and hospitality industry from a Chinese company, which had been denied the deal for three years under the previous dispensation.

Tourism and Hospitality Industry Minister Priscah Mupfumira yesterday signed the MoU with Touchroad International Holdings Group in Hanzhou Province, China at a ceremony witnessed by President Mnangagwa, several Government ministers and captains of industry.

Touchroad had initially approached former president Mugabe’s Government three years ago, but was inexplicably shut out. It took just a few days for President Mnangagwa to ratify the MoU.

In an interview soon after the signing ceremony, Zimbabwe Tourism Authority chief executive Dr Karikoga Kaseke said the deal showed that indeed Zimbabwe was now open for business.

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