HARARE, Mar. 19 (NewsDay Live) — The Chinese Embassy in Zimbabwe has warned its nationals and companies to ‘follow the law’ following Harare’s decision to suspend exports of raw minerals and lithium concentrates and tighten regulations in reserved sectors.
The embassy urged Chinese investors to heighten risk awareness and ensure full compliance with Zimbabwean laws, warning that policy shifts could impact business operations.
“The Government of Zimbabwe has recently suspended exports of raw minerals and lithium concentrates, and introduced new regulations concerning reserved sectors,” the Chinese Embassy said in a statement.
“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,” the embassy said.
“They should fully consider various investment and operational risks and make informed decisions so as to avoid losses resulting from government policy changes.”
It also advised firms already operating in the country to strictly follow local regulations and strengthen internal risk controls.
“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, and protect their legitimate rights and interests through legal channels,” the embassy added.
The notice comes amid Zimbabwe’s push to increase value addition in its mining sector, particularly in lithium, a key mineral for global battery supply chains.
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