Business / Economy
Zimbabwe policies scare away investors
29 Aug 2013 at 05:24hrs | Views
Zimbabwe has been ranked among the 10 least countries in the world that lack investor friendly laws despite a huge endowment in mineral and natural resources, a report by a global think tank has shown.
According to the Canada based Fraser Institute, the country dropped to position 91 from 74 in the Fraser Institute annual survey of mining companies, 2012-13.
The Fraser Institute compiles a yearly report ranking the attractiveness of jurisdictions for mining investments.
Zimbabwe is in the same league with Greece, Indonesia, Vietnama, Venezuela, DRC Congo, Kyrgystan, Bolivia, Guatemala and Phillipines.
The report states that resource nationalism in Africa was a major concern and that corruption needed to be controlled.
According to the Canada based Fraser Institute, the country dropped to position 91 from 74 in the Fraser Institute annual survey of mining companies, 2012-13.
Zimbabwe is in the same league with Greece, Indonesia, Vietnama, Venezuela, DRC Congo, Kyrgystan, Bolivia, Guatemala and Phillipines.
The report states that resource nationalism in Africa was a major concern and that corruption needed to be controlled.
Source - newsday
