Switzerland pledges increased investments in Zimbabwe, as Acting President Chiwenga, Swiss envoy meet

The Ambassador of Switzerland to Zimbabwe, His Excellency Niculin Jäger, has paid a courtesy call on Acting President Constantino Chiwenga at his Munhumutapa offices, with the top European investor in Zimbabwe pledging to review its business investment policies for the benefit of both countries..

Zimbabwe and Switzerland enjoy cordial relations that date back to pre-independent Zimbabwe.

Switzerland recognised the independence of Zimbabwe ahead of the declaration in April 1980 and the establishment of diplomatic relations between the two countries started on day one of independence followed by the opening of a diplomatic mission.

Over the past 40 years, the two countries have built strong relations which have seen an increase in high-level exchanges, the latest being President Emmerson Mnangagwa’s first visit to Europe, which he made to the World Economic Forum in Davos, Switzerland, in 2018.

At the forum, President Mnangagwa met with then Swiss President Alain Berset, followed by the January 2019 visit of the Swiss Foreign Affairs minister, Ignazio Cassis, to Harare.

In 2019, Switzerland allocated an additional CHF1 million (US$1.1 million) in humanitarian assistance following the UN and the Government of Zimbabwe’s Flash Appeal that was launched at the end of February 2019.

The funding provided through the Swiss Agency for Development and Cooperation (SDC) will be used to address the humanitarian needs necessitated by the recent drought and the rise in food insecurity in the country.

The response to the Flash Appeal follows another recent allocation of US$2 million from the Swiss Government in response to Cyclone Idai covering Zimbabwe, Mozambique and Malawi.

In 2017, Switzerland and Zimbabwe signed an International Cooperation Agreement on Humanitarian Aid and Technical and Financial Cooperation. The agreement provides for strengthened cooperation between Switzerland and Zimbabwe for the realisation of humanitarian, technical and financial assistance projects that contribute to sustainable poverty alleviation, democratic development, the promotion of peace and respect for human rights and the rule of law. 

Since 2015, Switzerland has been supportive of Zimbabwe’s intentions to clear its debt arrears and normalize relations with the international financial institutions, in order to revive the economy and improve investment in the social sectors. 

%d bloggers like this: