Zimbabwe woos Australian investors

PERTH — In order to bring in more investors in the upstream and downstream industries, Zimbabwe is calling on Australia to invest in its mining sector which is playing a major role in its economic recovery.

This call was made by Zimbabwe’s Mines and Development deputy minister Gift Chimanikire at the Africa Down Under Conference in Perth.

Although, Zimbabwe’s mining sector grew by 25,8% in 2011 and contributed 13% to the country’s GDP and more than 60% of its total earnings, Chimanikire call came at a time when the sector is suffering from under-capitalisation.

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