Zimbabwe to hold investment conference in London

British ambassador to Zimbabwe Catriona Laing said Zimbabwe will hold an investment conference in London as it steps up efforts to lure foreign investors.

Laing said an investment conference will be held in London at a date yet to be advised by the Office of the President and Cabinet.

The proposed conference comes after the British Embassy in Harare urged British companies to consider investing in Zimbabwe as there were "encouraging signs that the government is softening its stance on indigenization and developing more investor-friendly policies".

Laing said there was also a £16 million pro-poor growth programme to tackle the critical shortage of credit facing Zimbabweans.

She said the funds were dedicated to small, medium and large businesses and microfinance institutions with a focus on the agricultural sector.