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Home >> Business
UPDATED: 14:40, June 14, 2006
Zimbabwean, Chinese firms sign more deals on joint ventures
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Zimbabwean ministries and companies have signed more deals with Chinese firms for the supply of broadcasting transmission, irrigation, tillage and construction equipment, the official newspaper The Herald reported on Wednesday.

Under the broadcasting transmission equipment deal, the Zimbabwe Mining Development Corporation and Star Communications of China will form a joint venture for chrome mining, the newspaper said.

Money generated from the mining venture will be used to pay for the transmission equipment, it said.

The Zimbabwean Ministry of Water Resources and Infrastructure Development signed two deals for the supply of irrigation and tillage equipment, borehole drilling and road construction equipment with China National Construction and Agriculture Machinery Import and Export Corporation and China Poly Group Corporation.

The singing ceremonies of the deals took place in China's capital of Beijing, and were witnessed by the visiting Zimbabwean Vice President Joice Mujuru and other Zimbabwean officials, who were there for a week-long tour.

Source: Xinhua


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