Zimbabwe reaches out to foreign investors

Zimbabwe reaches out to foreign investors
Published: 07 March 2018 (619 Views)
A HIGH-POWERED Zimbabwean delegation will be off to London next week for a conference, as the investment-starved country moves to lure foreign investors.

The two-day Zimbabwe London Investment Forum, Zimdaba London 2018, which runs between March 15 and 16, brings together business leaders and investors from the United Kingdom and Europe to discuss and action investment opportunities in Zimbabwe.

The Zimbabwean delegation includes seven Cabinet ministers, representatives from Zimbabwe National Chamber of Commerce (ZNCC), Confederation of Zimbabwe Industries (CZI), Zimbabwe Investment Authority (ZIA) and Special Economic Zones Authority (SEZA).

According to the programme seen by NewsDay, Foreign Affairs and International Trade minister Sibusiso Moyo, SEZA board chairman, Gideon Gono and CZI president, Sifelani Jabangwe will present on the macro-investment climate in Zimbabwe from the government and private sector perspectives and how the government is addressing investor requirements, including the establishment of special economic zones and what that means in practical terms.

Lands, Agriculture and Rural Resettlement minister Perrance Shiri and John Siko, head of Business Intelligence, Africa, Risk Advisory Group, will speak on opportunities available for investors in agriculture and what has been done to facilitate investment in the sector.

ZIA chief executive, Richard Mbaiwa, DeRisk managing director, Andrew Gaines and Exotic Capital head of Natural Resource Andrew Moorfield will present the country's energy requirements, opportunities and measures put in place to facilitate investment into the sector.

Mines and Mining Development minister Winston Chitando will make a pitch on opportunities available for investors in the mining sector.

Industry, Commerce and Enterprise Development minister Mike Bimha and ZNCC president Divine Ndhlukula will present on opportunities in the manufacturing and retail sectors.

Transport and Infrastructural Development minister Joram Gumbo and his Tourism and Hospitality Industry counterpart Prisca Mupfumira will make a presentation on the opportunities in logistics, transport and infrastructure and tourism respectively.

The delegation will also make a pitch on investment opportunities in the financial services sector and Information and Communication Technology, where Finance minister Patrick Chinamasa, central bank chief, John Mangudya and PwC Africa Business Group chief operating officer, Chantele Carrington.

The conference is organised by Consolidated Africa Services and its sponsors include, among others, Exotic Capital, Diaspora Infrastructure Development Group and Bob Diamond-led Atlas Mara.

Since taking over the reins in November through a military-backed transition, President Emmerson Mnangagwa has been on a crusade to lure foreign investors, saying Zimbabwe is open for business.

The new administration has been reaching out to foreign investors, with Mnangagwa leading a Zimbabwe delegation to the World Economic Forum in Davos, Switzerland in January.

Foreign direct investment inflows have been plummeting from a high of $545 million in 2014 to $319 million in 2016 on the back of an unfavourable investment climate.
The new administration has promised to amend indigenisation legislation for the 51:49 threshold to apply only to diamond and platinum.

Investors are warming up to the new administration, but want to assess the investment climate after the harmonised elections coming up by August.

- newsday

 0

You May Like These Videos

Comments

There are no comments.

Latest stories

I doubt if Dabengwa really endorsed Mnangagwa - Mthwakazi activist

by Stephen Jakes | 21 September 2018 | 85 Views

President Mnangagwa debuts at UNGA

by Bevan Musoko | 21 September 2018 | 80 Views

BREAKING: Harare - Johannesburg Intercape bus in accident, 10 people dead

by Staff reporter | 21 September 2018 | 201 Views

Stop unnecessary traveling to cholera affected areas - MIHR

by Stephen Jakes | 21 September 2018 | 81 Views

We need Mthwakazi restoration soon

by Stephen Jakes | 21 September 2018 | 79 Views

Rural development agenda should be on the priority list

by Stephen Jakes | 21 September 2018 | 77 Views

IMF offers to help Zimbabwe clear arrears

by Staff reporter | 21 September 2018 | 177 Views

Mugabe's party rejoins Mnangagwa's Zanu-PF

by Staff reporter | 21 September 2018 | 187 Views

Streak seeks ZC liquidation

by Staff reporter | 21 September 2018 | 104 Views

'Chamisa must not waste time fighting Mnangagwa'

by Staff reporter | 21 September 2018 | 180 Views

Chipanga appeal thrown out

by Staff reporter | 21 September 2018 | 136 Views

New minister cracks the whip

by Staff reporter | 21 September 2018 | 130 Views

Deal decisively with Parly delinquents

by Zvamaida Murwira | 21 September 2018 | 94 Views

Mthuli Ncube faces tough choices

by Lovemore Chikova | 21 September 2018 | 109 Views

Currency reform answer to Zimbabwe's economic woes

by Bongani Ngwenya | 21 September 2018 | 89 Views

Dabengwa ditches Chamisa, endorses Mnangagwa?

by Staff reporter | 21 September 2018 | 105 Views

Sibusiso Moyo alive & well

by Staff reporter | 21 September 2018 | 95 Views

'Mugabe University not a priority'

by Staff reporter | 21 September 2018 | 85 Views

Chamisa battles open rebellion

by Staff reporter | 21 September 2018 | 103 Views

Prophet up for pregnant woman rape

by Staff reporter | 21 September 2018 | 82 Views

Bulawayo pins hopes on devolution

by Staff reporter | 21 September 2018 | 62 Views

Nust shut down

by Staff reporter | 21 September 2018 | 108 Views

Zimbabweans want US or Zim dollar only, not SA Rand

by Staff reporter | 21 September 2018 | 104 Views

Chamisa's MDC Alliance starts merging into single party

by Staff reporter | 21 September 2018 | 63 Views

Vic Falls man hangs self after bar brawl

by Staff reporter | 21 September 2018 | 54 Views

Cholera hits Beitbridge

by Staff reporter | 21 September 2018 | 53 Views

Cop up for assault

by Staff reporter | 21 September 2018 | 43 Views

Gumbura hires Madhuku to challenge delayed trial

by Staff reporter | 21 September 2018 | 45 Views

Devolution will develop provinces with natural resources

by Staff reporter | 21 September 2018 | 35 Views

Family evicted, dumped in the bush

by Staff reporter | 21 September 2018 | 40 Views

Soul Brothers coming to Bulawayo

by Staff reporter | 21 September 2018 | 66 Views

Zimbabwean scientist wins Cambridge scholarship

by Staff reporter | 21 September 2018 | 42 Views

MDC Alliance activist jailed over arson threats

by Staff reporter | 21 September 2018 | 34 Views

Chamisa to pile pressure on Mnangagwa

by Staff reporter | 21 September 2018 | 45 Views

Mnangagwa commits 1% of GDP to research

by Staff reporter | 21 September 2018 | 33 Views

Muchinguri says she is not a figurehead, she has the power

by Staff reporter | 21 September 2018 | 85 Views