Midweek Reporter
HARARE: The Chinese Embassy in Zimbabwe has implored its investors to make informed decisions to avoid losses due to Zimbabwean government’s policy changes.
This warning comes barely few weeks after the government banned the export of all raw minerals, including lithium concentrates, to promote value addition.
In a statement this week, the Chinese Embassy in Zimbabwe urged its nationals to strengthen risk prevention and compliance awareness.
“The Embassy of the People’s Republic of China in Zimbabwe to further strengthen risk prevention and compliance awareness,” said the Chinese Embassy.
Chinese investors were also informed to make thorough assessment of the local business environment and relevant laws and regulations, taking into cognition various investment and operational risks.
“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,” the Chinese Embassy warned.
The Embassy also encouraged the Chinese investors to abide by local laws and regulations and protect their legitimate rights through legal channels.
“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, protect their legitimate rights and interests through legal channels.”
The government has said it is determined to realise the full value of its precious minerals amidst favourable global prices.
