Emmerson Mnangagwa
In this July 27, 2018, file photo, Zimbabwe's President Emmerson Mnangagwa attends the BRICS Summit in Johannesburg, South Africa. Zimbabwe's electoral commission said Friday, Aug. 3, Mnangagwa has won in Monday's election as the ruling party maintains control of the government in the first vote after the fall of longtime leader Robert Mugabe. (Mike Hutchings/Pool Photo via AP, File)

The Zimbabwe government and Japanese firm, Afro-Japan Consulting Services on Thursday signed an agreement in which the company expressed interest in venturing into five specific areas of business.

President Emmerson Mnangagwa is leading a high-level government delegation at the three-day Tokyo International Conference for African Development (TICAD) summit in Japan which is being attended by over 40 African leaders.

On Wednesday, President Mnangagwa told delegates at TICAD that Zimbabwe was implementing radical reforms to open up the country to global capital.

Finance and Economic Development Minister Mthuli Ncube signed the memorandum of understanding on behalf of Zimbabwe while Ryoichi Goto signed for the Japanese firm at an occasion witnessed by Mnangagwa.

The firm indicated interest to establish consular services in partnership with the government to facilitate easy linkages between Japanese and Zimbabwean business people.

Other areas that the company is interested to explore include renewable energy and production of material used for road markings as well as establishing a venture fund for Japanese firms seeking to explore opportunities in Zimbabwe.

Mnangagwa lauded the Japanese firm for its interest to invest in Zimbabwe.

“We are an economy in transition and we need such support, especially the venture fund because it facilitates access to global capital which will help us consolidate our own transitional economic growth in Zimbabwe,” he said. Enditem


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