Belarusian firms have advanced their expansion plans into Zimbabwe after penning a memorandum of understanding (MOU) with the Zimbabwe National Chamber of Commerce (ZNCC) today (Thursday).
Belarus is moving fast to make a huge footprint in Zimbabwe following President Emmerson Mnangagwa’s visit to the East European country in January this year.
The Belarus Chamber of Commerce and Industry (BCCI) and the ZNCC signed an MOU which outlines partnerships in agriculture and mining.
The MOU expands the scope for enhanced cooperation between the two nations, according to Vice President Retired General Dr Constantino Chiwenga when he was addressing the Zimbabwe-Belarus Business Forum in Bulawayo today.
“For the private sector here is your opportunity to seize these,” he said.
The synergy will drive the competitiveness of the country’s key economic sectors as well as pave way for enhanced possibilities to woo further investments from this market, notes Industry and Commerce Minister Honourable Mangaliso Nqobizitha Ndlovu.
BCCI will also be exploring further possibilities in the energy sector.
ZNCC is, however, optimistic that the partnership will reverse the equipment deficit currently faced in the agricultural sector.
Belarus’ presence is already visible in Zimbabwe with equipment supplies to the local mining and agricultural sectors.