Zim, E. Guinea sign agreement

Equatorial Guinea’s President Obiang Nguema Mbasogo flew into Harare on Wednesday and held discussions with his Zimbabwean counterpart President Robert Mugabe as well as ministers of agriculture, trade and mining. He toured a dairy factory before addressing business executives. Mbasogo said he was on a mission to improve trade between his country and Zimbabwe. “We’re hoping we’ll find new ways of co-operation with Zimbabwe for the mutual benefit of our two countries,” he said. He said the greatest hindrance to trade among African countries was the continuing dependance on support from their former colonial masters. “This barrier hinders us so that we don’t know what our potential is,” he said. He added that his country wanted to use the proceeds of its oil trade to invest on the continent. Confederation of Zimbabwe Industries president Patison Sithole welcomed the signing of the memorandum of understanding, which his organisation drafted before it was endorsed by the government. Zimbabwe’s minster of trade and international development, Obert Mpofu announced that the country would soon send a trade and development mission to Equatorial Guinea to enhance co-operation. He said the government was keen to work with the private sector to ensure the mission succeeded. “The most urgent thing is the way forward. We hope business will make immediate follow-up to ensure that the vision of political leaders sees the light of day,” he said.

April 2006
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