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Mthuli Ncube urges Zimbabweans in the UK to invest back home

by Staff reporter
13 Jun 2024 at 02:05hrs | Views
Finance and Investment Promotion Minister Mthuli Ncube addressed the Zimbabwe Investment and Capital Markets Conference in London, urging Zimbabweans in the UK to consider investing back home due to favorable macroeconomic conditions. Highlighting the historical ties and the diaspora's potential, Ncube emphasized the government's goal of achieving upper middle-income status by 2030.

He underscored the importance of private sector-led growth facilitated by a stable macroeconomic environment and robust infrastructure. Ncube welcomed the US's easing of sanctions, noting that businesses are now free to engage with Zimbabwe without fear of US sanctions related to Executive Orders. However, he acknowledged ongoing challenges with Global Magnitsky Act sanctions and ZIDERA affecting international financial engagements.

Despite these hurdles, Ncube encouraged potential investors to explore opportunities in Zimbabwe. He mentioned ongoing reviews of national policies to promote economic diversification, job creation, and empowerment, particularly in sectors like agriculture and mining.

Overall, Ncube's address aimed to foster confidence in Zimbabwe's investment climate and attract diaspora and international investors to support national development goals and achieve sustainable economic growth by 2030.

Source - newzimbabwe