Iran Commits to Boosting Trade and Economic Ties with Zimbabwe

45th Anniversary of Islamic Revolution Marks Strengthening of Zimbabwe-Iran Relations

by Adenike Adeodun

In a significant move poised to bolster Zimbabwe’s quest for increased foreign direct investment, Iran has announced its commitment to enhancing trade and economic relations with the Southern African nation. This declaration was made by Abbas Navazani, the Islamic Republic of Iran’s ambassador to Zimbabwe, during an event held at a local hotel to celebrate the 45th anniversary of the Victory of the Islamic Revolution, an occasion that also coincided with the birthday anniversary of Prophet Muhammad, revered as the prophet of peace and moral virtues.

Highlighting the historical ties that bind the two countries, Navazani noted that Zimbabwe and Iran have enjoyed cordial relations dating back to Zimbabwe’s liberation struggle. This foundation has facilitated the exchange of high-ranking delegations, fostering a conducive environment for diplomatic and economic collaboration.

According to a report by Newsday, the ambassador pointed out that the ninth Joint Political and Economic Commission in Tehran, held last year, marked a significant milestone in their relations, leading to an intensified effort to promote business interaction. This culminated in the signing of several Memoranda of Understanding (MoUs) across diverse sectors, including a notable medical cooperation MoU inked by Vice President Constantino Chiwenga during his visit to Iran.

Agriculture has also emerged as a key area of cooperation, with Agriculture, Lands, Fisheries, Water, and Rural Development Minister Anxious Masuka securing an agricultural MoU with his Iranian counterpart. According to Navazani, the business interaction between Zimbabwe and Iran has seen a dramatic eight-fold increase in the past two years, a testament to the growing bilateral relations despite the challenges posed by sanctions against both countries.

Navazani reaffirmed Iran’s solidarity with Zimbabwe, expressing confidence in overcoming economic challenges through joint efforts. He also commended local private companies and the Iranian diaspora for their role in supporting the friendship between the two nations.

Echoing Navazani’s sentiments, Foreign Affairs and International Trade acting minister, Amon Murwira, underscored the importance of Zimbabwe’s bilateral relations with Iran, noting the potential for expanded economic engagements across various sectors of their economies. This partnership, rooted in a shared history and mutual respect, signifies a promising horizon for Zimbabwe and Iran’s collaborative ventures, marking a significant chapter in their longstanding relationship.

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