News / National
Zim government committed to providing a conducive investment environment
02 Aug 2011 at 13:45hrs | Views
Vice President, Joice Mujuru has reassured the investment community that the government is committed to making reforms geared at providing a conducive and lucrative investment environment.
Addressing investors at the recent Imara Investor conference, Mujuru said the country respects the laws that protect private property and, as such, foreign investment is safe and secure in Zimbabwe
The investment conference brought together over a dozen countries spanning the globe to discuss investment opportunities available in the country.
Mujuru urged investors to seriously consider the opportunities available on the Zimbabwe Stock Exchange (ZSE).
Mujuru said the Zimbabwe Stock Exchange (ZSE) has long been an important contributor to foreign investment inflows and during the 1990's the ZSE was a darling of the emerging market investment community and, although activity declined during the first decade of this millennium, foreign interest in Zimbabwe never disappears
Net foreign investment in the ZSE since 2009 amounts to USD200 million, representing some 40% of the total value traded on the market over the last two years.
She urged investors still sitting on the fence to come aboard and invest in Zimbabwe.
Mujuru said foreign investors have a pivotal role in the illiquid Zimbabwean economy as they bring Foreign Direct Investment (FDI).
The Vice President acknowledged the recent investment by the ESSAR group into ZISCO Steel that she said represents a landmark transaction in the post Global Political Agreement (GPA) Zimbabwe.
She also acknowledged agreements worth USD742 million which were signed between Zimbabwe and China during the recent visit by the Chinese Deputy Premier.
Mujuru said the investors should not be scared away by the indigenization policy, as this is the norm worldwide.
In the same vein, Government is also addressing the issue of debt and arrears and has established a Debt Management Office to oversee the Zimbabwean Accelerated Debt Development Strategy.
Addressing investors at the recent Imara Investor conference, Mujuru said the country respects the laws that protect private property and, as such, foreign investment is safe and secure in Zimbabwe
The investment conference brought together over a dozen countries spanning the globe to discuss investment opportunities available in the country.
Mujuru urged investors to seriously consider the opportunities available on the Zimbabwe Stock Exchange (ZSE).
Mujuru said the Zimbabwe Stock Exchange (ZSE) has long been an important contributor to foreign investment inflows and during the 1990's the ZSE was a darling of the emerging market investment community and, although activity declined during the first decade of this millennium, foreign interest in Zimbabwe never disappears
Net foreign investment in the ZSE since 2009 amounts to USD200 million, representing some 40% of the total value traded on the market over the last two years.
She urged investors still sitting on the fence to come aboard and invest in Zimbabwe.
Mujuru said foreign investors have a pivotal role in the illiquid Zimbabwean economy as they bring Foreign Direct Investment (FDI).
The Vice President acknowledged the recent investment by the ESSAR group into ZISCO Steel that she said represents a landmark transaction in the post Global Political Agreement (GPA) Zimbabwe.
She also acknowledged agreements worth USD742 million which were signed between Zimbabwe and China during the recent visit by the Chinese Deputy Premier.
Mujuru said the investors should not be scared away by the indigenization policy, as this is the norm worldwide.
In the same vein, Government is also addressing the issue of debt and arrears and has established a Debt Management Office to oversee the Zimbabwean Accelerated Debt Development Strategy.
Source - Business
