Zimbabwe's finance chief plans visit to Paris to woo investors

Finance minister Patrick Chinamasa is planning to visit France with a view to woo French investment into the economy.

Zimbabwe's treasury is facing fiscal pressure due to the declining revenues amid pressure to pay civil service bonuses.

French ambassador to Zimbabwe, Laurent Delahousse said the Chinamasa visit to France was investment driven, and minister Chinamasa would get the opportunity to meet with the Paris Club of creditors, with full engagement expected once Zimbabwe has dealt with other multi-lateral creditors.

The ambassador said he will meet minister Chinamasa to discuss logistics such as the travel dates as well as times.

Delahousse added that he would also move to invite French finance minister Michel Sapin to Zimbabwe.

He also said that the recently gazetted indigenisation law amendments have been welcomed by French businesses in the country.