Zim rankings on regional investment inflow rises

Zimbabwe has risen on intra- regional investment inflow rankings to 6th position out of 22 nations in SADC and COMESA, state radio said on Wednesday.

The Zimbabwe government and the private sector have forged ahead with policies to restore business confidence.

Zimbabwe had reportedly dropped to position 12 on intra- regional investment rankings in the past five years.

Statistics showed that the major sources of regional investment to Zimbabwe are mainly dominated by the agriculture sector followed by mining, textiles, banking, tourism, construction, retail, and communications among others.

The President of the International Freight Forwarders Association of Zimbabwe Patrick Gwasera said relevant authorities should focus on the implementation of projects, as intra-regional investment is considered as an important element in unlocking economic growth.

"What we now need is the implementation to unlock better value on returns," said Gwasera.

Observers said there is need for government and the private sector to come up with workable macro-economic stability policies, though foreign direct investment inflows are considered crucial in facilitating economic recovery. 

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