China Zim's biggest investor

(Fin24) - Cash-starved Zimbabwe soaked up $7.8bn in foreign investment last year with China as the biggest investor, state media announced yesterday.

The Zimbabwe Investment Authority (ZIA) approved 98 projects in the agricultural, manufacturing, tourism and mining sectors, said the Sunday Mail newspaper.

Manufacturing projects were worth $3.5bn, while the value of the 20 mining projects approved totalled $2.5bn. Most of the projects are partnerships between local and foreign investors. Exact investment figures for China were not given.
 

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