The European Union (EU) has urged the government to speed up economic reforms to attract foreign investors. Zimbabwe attracts less than $400 million in foreign direct investment (FDI) per year compared to a regional average of $800 million.
European Union ambassador to Zimbabwe Philippe Van Damme told journalists on Thursday:
We strongly urge and recommend the government to maintain on the top of its agenda the reforms that create an environment conducive to investment and which may lead to poverty reduction.
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