Zimbabwe: Jakarta Lays Groundwork for Investments

Indonesia has boosted its interest in investing in Zimbabwe with the Southeast Asian country yesterday sending its Coordinating Minister for Maritime and Investment Affairs Luhut Binsar Pandjaitan to lay the groundwork for investment.

Minister Pandjaitan first met President Mnangagwa yesterday morning, after which he met a government delegation led by Acting President Dr. Constantino Chiwenga.

The meetings focused on Indonesia’s interest in doing business in Zimbabwe, which comes on the back of an investment charm offensive initiated by President Mnangagwa, under which Zimbabwe is open for business strategy.

The Asian economic giant first showed interest in investing locally when Acting President Chiwenga attended the Sector Ministerial Meeting on Sanitation and Water for All in Jakarta, Indonesia last year.

Indonesia is a rising economic power that is now classified as a newly industrialized nation. It is the largest economy in Southeast Asia and the 17th largest economy in the world.

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On the sidelines of the Jakarta meeting, Dr Chiwenga met Indonesian authorities, which included the country’s Vice President Ma’ruf Amin, on whom he impressed that Zimbabwe was a safe destination for international capital with great potential.

“We have the delegation of the Republic of Indonesia led by the Coordinating Minister for Maritime and Investment Affairs Luhut Binsar Pandjaitan and here too they are accompanied by the Ambassador of Indonesia to Zimbabwe Dewa Sastrawan,” said the acting president.

“They came to strengthen the cooperation between our two countries, in a number of areas of agriculture, health, tourism, mining and our general relationship that we have developed over several years.

“That’s why the minister has come now to make concrete the areas we discussed. I was in Indonesia in May last year and we discussed a number of areas and we agreed on a number of areas.

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“For example, in the health sector, we are looking at our pharmaceutical companies to work together and be able to produce medicines together, in Zimbabwe for the benefit of Zimbabweans,” Acte President Chiwenga said.

Minister Pandjaitan stressed that they are looking to start implementing the agreed terms as early as next month.

“I met the President (Mnangagwa) this morning and this is a follow-up to the meeting in the morning, to get down to the concrete things, so we agreed to form a taskforce.