Zimbabwe Welcomes Nepali Investment in Key Sectors

In a recent update pertaining to Nepal bilateral ties, Nepal and Zimbabwe discussed ways to work together in the fields of trade and investment.

In a roundtable meeting held by the Asian Institute of Diplomacy and International Affairs (AIDIA) on July 17, 2018, the two sides discussed about trade, business and investment opportunities for Nepalis in Zimbabwe.

The event held to welcome Zimbabwe Ambassador to India Maxwell Ranga in Kathmandu saw key officials of both the countries presenting their own capabilities for business cooperation.

In his address at the meet, Managing Director of Nepal Overseas Co. Pvt. Ltd. Pawan Kumar Agrawal said the Ambassador’s visit to Kathmandu will enhance Nepal-Zimbabwe ties and expressed Nepal’s readiness to explore Zimbabwe’s potential opportunities across agriculture, tourism and mining industries. 

In response, Ranga highlighted his country’s significance as a key center for entire African region and welcomed Nepalis to also pursue investment scope in manufacturing, renewable energy, infrastructure, pharmaceutical, ICT, among other sectors.

“Recently lithium has been discovered in Zimbabwe which makes this sector more attractive to the investors,” said Ranga highlighting mining as the country’s key sector with high investment scope, and assured investor-friendly environment for potential investors.

“Now, we started growing on our own with the support of Eastern countries like China, India, Russia breaking the isolationism,” added Ranga.

Nepal’s former Minister for Environment, Science and Technology Ganesh Shah said that the recent discovery of Lithium has added to Zimbabwe’s existing potential in mining sector.

AIDIA CEO Sunil KC lauded his organization’s continued support to Nepal in facilitating meetings towards strengthening the country’s diplomatic ties.