Source: Zim courts Russia for AI investments – herald
Mukudzei Chingwere in NIZHNY NOVGOROD, Russia
ZIMBABWE is positioning itself to attract investment prospects in artificial intelligence, with Vice President Dr Constantino Chiwenga yesterday saying the country is ready to welcome collaboration from partners worldwide.
He said this at an interface he had with Russian Federation businesses at the instigation of Governor Gleb Nikitin of Nizhny Novgorod region.
The Vice President had earlier met the Governor on the sidelines of the Digital Industry of Industrial Russia (CIPR) where he made a compelling pitch on investment opportunities in Zimbabwe.
Governor Nikitin then immediately requested that Vice President Chiwenga interfaces with the business community as a step towards materialising the rich prospects.
“We are looking at investments in AI. AI is important, it will enhance faster development, but it will not replace the human mind,” said VP Chiwenga.
“The Russian economy has been digitised, and this is one area we would want, to digitise every aspect of the economy.”
The Russian business interest comes at a time when President Mnangagwa’s administration has been pushing the country to expand its diplomatic and economic engagements with the rest of the world.
Under the Second Republic, the Government has also emphasised that diplomatic engagements should be guided by the need to further the country’s economic interests, as it seeks to rapidly improve people’s lives towards the attainment of upper middle-income status by 2030.
VP Chiwenga said Zimbabwe is open for business, and encouraged local companies and investors to establish partnerships that would support trade, industrial growth and development.
“Zimbabwe and Russia enjoy excellent historical and diplomatic ties making it imperative that we deepen our economic relationship,” said VP Chiwenga.
“Zimbabwe invites Russian companies to establish joint ventures in mining, agriculture, manufacturing, and technology through its Special Economic Zones and export processing points.
“We remain committed to deepening our cooperation and creating a transparent, investor friendly environment, as well as, positioning Zimbabwe as a reliable partner for Russia’s trade and investment needs while advancing our own economic priorities.
“I invite the Russian business community to invest in Zimbabwe and assist us build a future of shared prosperity, through innovation, industrial growth, and mutual respect,” said VP Chiwenga.
He also welcomed investment in the energy sector, highlighting opportunities in hydropower, solar power, and other emerging renewable energy sources.
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