News / National
Mnangagwa tours Samsung
15 Jan 2016 at 20:10hrs | Views
Acting President Emmerson Mnangagwa has toured two assembly plants for Samsung refrigerators and television sets in Graniteside, Harare.
The plants have capacities to produce 50 000 television sets and 50 000 refrigerators per year.
His first port of call was the plant for refrigerators in Graniteside before proceeding to a television plant which is situated at the Central Sorting Offices.
He expressed confidence, the project will grow and contribute to the growth of the local economy.
"We toured the assembly plant where this company Samsung is assembling fridges, six different types of fridges," said Mnangagwa.
It was established that the company has not yet started operations due to challenges in accessing requisite licences.
However, Mnangagwa has given the green light to the investor and indicated he will talk to the stakeholders involved to fast track the process.
"I have to discuss with relevant authorities - the Ministry of Finance, Ministry of Industry and Commerce and also ZIMRA, to make sure they do their part. We are all anxious to lure investment into the country," Mnangagwa said.
Zimbabwe is in need of foreign direct investment to inject cash and create employment and the government has put in place mechanisms to reduce bureaucracies in licensing investors.
There are other initiatives underway to ensure the ease of doing business in Zimbabwe is improved.
The plants have capacities to produce 50 000 television sets and 50 000 refrigerators per year.
His first port of call was the plant for refrigerators in Graniteside before proceeding to a television plant which is situated at the Central Sorting Offices.
He expressed confidence, the project will grow and contribute to the growth of the local economy.
"We toured the assembly plant where this company Samsung is assembling fridges, six different types of fridges," said Mnangagwa.
It was established that the company has not yet started operations due to challenges in accessing requisite licences.
However, Mnangagwa has given the green light to the investor and indicated he will talk to the stakeholders involved to fast track the process.
"I have to discuss with relevant authorities - the Ministry of Finance, Ministry of Industry and Commerce and also ZIMRA, to make sure they do their part. We are all anxious to lure investment into the country," Mnangagwa said.
Zimbabwe is in need of foreign direct investment to inject cash and create employment and the government has put in place mechanisms to reduce bureaucracies in licensing investors.
There are other initiatives underway to ensure the ease of doing business in Zimbabwe is improved.
Source - zbc
