Febrite CEO Mr Washington Chikombingo exchanges the signed MOU with the Pakistan head of Delegation
By Dickson Bandera
Febrite Pvt Ltd, a leading Zimbabwean company, has signed a Memorandum of Understanding (MoU) with Pakistan’s Nexos to collaborate on various projects in Artificial Intelligence, Energy, Project Management, Contracting, and Technology transfer.
The signing ceremony, held at the Zimbabwe Agricultural Society offices in Harare, was attended by the Pakistan Ambassador to Zimbabwe, Mr. Murad Baseer; the Head of Delegation of the Pakistan International Business Trade Industries & Commerce, Chairman Shouban Akhtar; senior Zimbabwe Government officials; and journalists.
The MoU is a significant step in the Zimbabwe-Pakistan relationship and is expected to yield positive results for both countries. Febrite Pvt Ltd CEO, Mr. Washington Chikombingo, hailed the agreement as the beginning of greater things to come, saying the plan is to benefit Zimbabwe and the Southern African Development Community (SADC) as well as create more inroads into the African Continental Free Trade Area.
“My fellow brothers and sisters, our main focus of the venture is targeting new innovations in Artificial Intelligence, Energy solutions, Project Management, Contracting, and Technology Transfer,” he said.
“We have great plans to set up manufacturing and distribution plants across Zimbabwe and possibly make great inroads in covering the SADC Region to participate in the African Continental Free Trade Area,” he added.
Chikombingo emphasized that, according to Vision 2030, “Zimbabwe is a friend to all and an enemy to none,” marking the MoU as the beginning of a great mutual friendship and business collaboration. He further expressed his motivation from the presidential call for an inclusive approach, under the philosophy known in Zimbabwe as “Leaving no one and no place behind.”
Signing the dotted lines… Mr Chikombingo and a Nexos rep sign the MOU
He paid tribute to President Emmerson Mnangagwa and his administration for creating an enabling environment for trade and investment, which has allowed locals to venture into all sectors of the economy and presented foreigners with favorable investment opportunities. He also highlighted recent strides in economic development under President Mnangagwa’s administration, including the review of the 51-49% share ratio of the Indigenisation and Empowerment Act of 2007 and new policies allowing foreign investors up to 100% ownership in several sectors.
The MoU marks a significant milestone in the relationship between Zimbabwe and Pakistan, with potential benefits for both countries. The collaboration is expected to promote economic growth, improve trade relations, and enhance cooperation in various sectors, contributing to the broader diplomatic arrangements between the two governments.
Zimbabwe and Pakistan are currently working together in various areas, including trade, investment, and cultural exchange, further cementing their bilateral ties.
