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The Zimbabwean government has urged the Chinese business community to invest in the country’s energy sector, particularly amidst ongoing power supply challenges.
At the Zimbabwe-China Business Forum held in Harare on Wednesday, November 20, Minister of Energy and Power Development Edgar Moyo said that Zimbabwe’s energy sector offers immense potential for further Chinese investments, particularly under the Belt and Road Initiative (BRI).
In a speech delivered on his behalf during the one-day forum, which drew around 100 attendees, Moyo said:
<blockquote>
The BRI initiative offers a unique platform for financing and implementing projects that contribute to sustainable development. We view Zimbabwe’s energy sector as a key area of focus under the BRI.
</blockquote>
Moyo stressed China’s importance in shaping Zimbabwe’s energy future and praised the Asian country for its unwavering support and collaboration in power and energy development over the past years.
He said Zimbabwe requires investments particularly in the development of renewable energy, as well as power storage, transmission, and distribution infrastructure. Said Moyo:
<blockquote>
Zimbabwe is blessed with abundant sunlight, making solar energy a viable option for scaling up our energy supply.
We invite Chinese companies with expertise in renewable energy to partner with us in developing large-scale solar farms, as well as small-scale projects for local communities and industries…
I invite the Chinese business community to take full advantage of the opportunities in Zimbabwe’s energy sector.
</blockquote>
Zimbabwe is currently experiencing a deficit of approximately 800 MW in local generation capacity, primarily due to declining water levels at the Kariba Power Station, the country’s main hydropower facility.
The electricity crisis has been exacerbated by an El Niño-induced drought. As a result of the reduced power generation, the country has faced ongoing nationwide power cuts since August.
More: <a href="https://www.pindula.co.zw/">Pindula News</a>

Pindula News

Zimbabwe is asking China to invest in their energy sector because they are having a crisis with electricity. The Minister of Energy and Power Development hopes Chinese companies will help with renewable energy projects. Zimbabwe has lots of sunlight for solar energy. The country is facing power cuts because of low water levels at their main hydropower station. The government wants Chinese investment to help improve the situation.

Zimbabwe Seeks More Chinese Investment In Energy Sector Amid Electricity Crisis

Chinese businesses in Zimbabwe have been accused of not obeying the country’s tax laws by failing to issue out tax invoices when conducting business.
This was revealed by captains of industry who attended the Association for Business in Zimbabwe and <a href="http://www.pindula.co.zw/Zimbabwe_Revenue_Authority">Zimbabwe Revenue Authority</a> (Zimra) workshop in Bulawayo on Friday.
One participant who attended the event said,
<blockquote>Chinese businesses are not giving out tax invoices when you conduct business with them and this is cause for concern because it’s a requirement. If you insist on it, they will just write on a piece of paper.</blockquote>
Another participant told NewsDay on the sidelines of the workshop that when the Chinese were issuing out tax invoices, they would not be in English “an indication that their system is not linked to Zimra”. The also participant said,
<div class="code-block code-block-3"></div>
<blockquote>It raises questions on how their companies are reconciling their books with Zimra, yet the law requires companies to communicate in languages that are understood locally.</blockquote>
Under the law, receipts and invoices must be issued in a local language.
More: <a href="https://www.newsday.co.zw/2016/10/31/chinese-businesses-zim-flouting-tax-laws/">NewsDay</a>

Chinese businesses in Zimbabwe accused of not obeying tax laws

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