Euromoney conference comes to Zimbabwe

Zimbabwe will Tuesday host a conference aimed at luring foreign direct investment (FDI) that has been elusive for the past decade.
The inaugural Euromoney Zimbabwe Investment Conference is expected to attract at least 300 delegates, among them policy-makers, businessmen, financiers and key overseas players.
President Robert Mugabe, Prime Minister Morgan Tsvangirai, Deputy Prime Minister Arthur Mutambara and Finance minister Tendai Biti will lead from the front.
The conference will be held under the theme "The Emerging African Investment Destination".
Euromoney director for emerging markets Richard Banks yesterday said the conference would dispel the misconception about Zimbabwe and investment opportunities that exist therein.
Banks said the country still had a number of challenges to deal with, including those pertaining to the legal, political and financial environment.
He said the country should mobilise local resources internally and only seek foreign assistance wherever necessary.
The conference is a follow-up to a Euromoney Zimbabwe breakfast briefing held in Instabul, Turkey at the World Bank/IMF annual meeting.
Euromoney said the country had made significant progress in the last 24 months in restoring economic stability and growth.