Iran Signs Economic Agreements with Zimbabwe

Zimbabwe and Iran signed 12 memorandums of understanding today, Thursday, to enhance bilateral relations, concluding an African tour by Iranian President Ebrahim Raisi that included three countries. The agreements include plans to establish a tractor manufacturing plant in Zimbabwe with a partnership between an Iranian company and a local partner. Additionally, the two countries signed cooperation agreements in the fields of energy, agriculture, pharmaceuticals, communications, as well as research and science and technology projects. President Raisi stated that his country "will work hard to strengthen economic ties with Zimbabwe," referring to the U.S. sanctions imposed on both countries. In turn, Zimbabwean President Emmerson Mnangagwa welcomed "investments in several sectors of our economy." President Raisi has since left Zimbabwe following a one-day state visit.