{"id":86137,"date":"2023-11-03T20:21:21","date_gmt":"2023-11-03T18:21:21","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/chinese-firms-to-invest-us2-8-billion-in-lithium-and-energy-in-zimbabwe"},"modified":"2023-11-03T23:28:41","modified_gmt":"2023-11-03T21:28:41","slug":"chinese-firms-to-invest-us2-8-billion-in-lithium-and-energy-in-zimbabwe","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/chinese-firms-to-invest-us2-8-billion-in-lithium-and-energy-in-zimbabwe","title":{"rendered":"Chinese Firms To Invest US$2.8 Billion In Lithium And Energy In Zimbabwe"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>Chinese companies were awarded licenses in the third quarter that could lead to US$2.79 billion of investment in Zimbabwe, reported China Economic Review<\/b> citing a Bloomberg report.<\/p>\n

The bigger chunk of the investment is in the mining and energy sectors as the southern African country pushes to develop some of Africa\u2019s biggest lithium deposits and to end power cuts.<\/p>\n

The planned investment is a tenfold increase on the US$271 million pledged in the same period last year.<\/p>\n

According to a report by the Zimbabwe Development Agency, the state-owned unit responsible for securing investment, released on Wednesday, Chinese applications \u201cwere the most by number and investment value with mining being their most preferred sector followed by the manufacturing sector.<\/p>\n

China accounted for more than two-thirds of the 180 applications.<\/p>\n

Chinese companies have been buying lithium mines, which supply a key component for the batteries used in electric vehicles.<\/p>\n

According to ZimLive<\/b>, Chinese firms, including Zhejiang Huayou Cobalt (603799.SS), Sinomine Resource Group (002738.SZ), Chengxin Lithium Group (002240.SZ), Yahua Group (002497.SZ) and Canmax Technologies (300390.SZ).<\/p>\n

Chinese firm Sinohydro Corporation undertook the expansion of Hwange Thermal Power Station\u2019s units 7 and 8 which added two generators with a combined capacity of 600 megawatts.<\/p>\n

For More News And Analysis About Zimbabwe<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. Chinese companies were awarded licenses in the third quarter that could lead to US$2.79 billion of investment in Zimbabwe, reported China Economic Review citing a Bloomberg report. The bigger chunk of the investment is in the mining and energy sectors as the southern African country pushes to develop some of Africa\u2019s biggest […]<\/p>\n","protected":false},"author":84,"featured_media":86136,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[1493,2189,471,11162,4820,19],"class_list":["post-86137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-zimbabwe-2","tag-china","tag-chinese-companies","tag-lithium","tag-zimbabwe"],"yoast_head":"\nChinese Firms To Invest US$2.8 Billion In Lithium And Energy In Zimbabwe - zimbabwe<\/title>\n<meta name=\"description\" content=\"Chinese companies were awarded licenses in the third quarter that could lead to US$2.79 billion of investment in Zimbabw ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/chinese-firms-to-invest-us2-8-billion-in-lithium-and-energy-in-zimbabwe\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chinese Firms To Invest US$2.8 Billion In Lithium And Energy In Zimbabwe\" \/>\n<meta property=\"og:description\" content=\"Chinese companies were awarded licenses in the third quarter that could lead to US$2.79 billion of investment in Zimbabw ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/chinese-firms-to-invest-us2-8-billion-in-lithium-and-energy-in-zimbabwe\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-03T18:21:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-03T21:28:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/11\/sm_1699030523.365254.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/chinese-firms-to-invest-us2-8-billion-in-lithium-and-energy-in-zimbabwe#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/chinese-firms-to-invest-us2-8-billion-in-lithium-and-energy-in-zimbabwe\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Chinese Firms To Invest US$2.8 Billion In Lithium And Energy In Zimbabwe\",\"datePublished\":\"2023-11-03T18:21:21+00:00\",\"dateModified\":\"2023-11-03T21:28:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/chinese-firms-to-invest-us2-8-billion-in-lithium-and-energy-in-zimbabwe\"},\"wordCount\":221,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/chinese-firms-to-invest-us2-8-billion-in-lithium-and-energy-in-zimbabwe#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2023\/11\/sm_1699030523.365254.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zimbabwe\",\"china\",\"Chinese Companies\",\"Lithium\",\"Zimbabwe\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/chinese-firms-to-invest-us2-8-billion-in-lithium-and-energy-in-zimbabwe#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/chinese-firms-to-invest-us2-8-billion-in-lithium-and-energy-in-zimbabwe\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/chinese-firms-to-invest-us2-8-billion-in-lithium-and-energy-in-zimbabwe\",\"name\":\"Chinese Firms To Invest US$2.8 Billion In Lithium And Energy In Zimbabwe - 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