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"We Must Create An Environ­ment Conducive For Investment," ED

4 years agoTue, 19 Nov 2019 00:23:00 GMT
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"We Must Create An Environ­ment Conducive For Investment," ED

President Emmerson Mnangagwa has said that for Zimbabwe to lure investment, the country needs to create a conducive environment.

He observed that the country was facing competition over global capital and investors from other developing countries hence the need to be more appealing.

Speaking during a discussion at the ongoing Global Business Forum on Africa that opened in Dubai on Monday, Mnangagwa said:

As I said, the current foreign pol­icy of my country is to re-engage. But we don’t expect that global capital will just come because we are just asking it to come. We must create an environ­ment where it (investment) feels safe and comfortable.

Since his ascendancy to power in 2017, the president has been pushing to engage and re-engage the international community saying that two decades of isolation robbed Zimbabwe a chance to grow.

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Some economies are demanding that Zimbabwe implements political and economic reforms as a prerequisite for engagement with the troubled Southern African state endowed with vast natural resources.

More: The Herald

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