from DANAI MWARUMBWA in Harare, Zimbabwe
Zimbabwe Bureau
HARARE, (CAJ News) – CHINA has advised its nationals and enterprises in Zimbabwe to further strengthen risk prevention and compliance awareness.
This comes after Zimbabwe recently suspended exports of raw minerals and lithium concentrates and introduced new regulations concerning reserved sectors.
The Chinese Embassy in Zimbabwe has responded.
“Prior to making investments in Zimbabwe, investors shall conduct a comprehensive and in-depth assessment of the local business environment, industrial policies and relevant laws and regulations, fully consider various investment and operational risks, and make informed decisions so as to avoid losses resulting from government policy changes.”
“In the course of production and business operations in Zimbabwe, Chinese enterprises and nationals shall strictly abide by local laws and regulations, adopt proactive risk prevention and control measures, and protect their legitimate rights and interests through legal channels.”
Zimbabwe has sought investment from China after more than two decades of a fallout with Western nations.
China is significantly involved in the extractive sector in the Southern African country.
– CAJ News