Mnangagwa Says Govt 'Never' Asked China For $2 Billion Bailout Package

President Emmerson Mnangagwa has dismissed reports that the government of Zimbabwe ever asked for a US$2 billion bailout package from China.

Mnangagwa met Chinese leader Xi Jinping in September last year on the sidelines of the Forum on China-Africa Co-operation (Focac) in Beijing. While addressing the media at State House on Wednesday night, Mnangagwa said:

I have never asked for a bailout package. I read it in the newspapers. We want investments, not a bailout package. We need investments where it is a win-win situation.

Investors come and put their money and make profits while we have development in the country. So we never asked for a bailout package.

So we never asked for a bailout package from China, but we sought investments and we have succeeded in that regard.

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Mnangagwa toured Eurasia in January where he sought for Foreign Direct Investment from four Former Soviet Socialist Republics, namely Russia, Belarus, Azerbaijan and Kazakhstan.

More: The Independent