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Zimbabwe courts investors at UNGA
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Zimbabwe's Minister of Foreign Affairs and International Trade, Professor Amon Murwira, has urged stronger global academic partnerships as a key driver of innovation and economic growth.
Delivering a keynote address at a high-level business roundtable on the sidelines of the 80th Session of the United Nations General Assembly (UNGA80) in New York on Sunday, Prof Murwira - who represented President Emmerson Mnangagwa - said collaboration between local and international academic institutions was vital for enhanced research, development, and skills transfer.
"Our development model is anchored on innovation. We seek strategic partnerships in education, science, technology, innovation and culture, including the building of smart cities, high-tech facilities, ICT hubs and industrial parks," he said.
Prof Murwira highlighted that Zimbabwe welcomed partnerships with United States universities to advance technology transfer and prepare the country's youthful population for a knowledge-driven economy.
Describing Zimbabwe as "a land of stability, opportunity and shared prosperity," he stressed that investment in innovation would be central to achieving the country's Vision 2030 goals. The Government has identified innovation and technology as critical to improving food security, bridging economic gaps, and boosting overall development.
Murwira also underscored Zimbabwe's attractiveness as an investment destination, citing abundant opportunities in mining, mineral value addition, agriculture, agro-processing, energy, and tourism.
He assured potential investors that Zimbabwe's investment laws enshrine non-discrimination, while liberalised foreign exchange regulations allow 100 percent repatriation of investment income, including dividends and profits.
"Our policy of ‘Zimbabwe is Open for Business' and the doctrine ‘Nyika inovakwa nevene vayo/A country is built by its own people' align seamlessly with the US administration's emphasis on commercial and transactional diplomacy," he said. "Together, these set the stage for practical, mutually beneficial cooperation."
Murwira also pointed to Zimbabwe's strategic location in the heart of Southern Africa, with access to major seaports through established road and rail networks, as well as potential for a regional aviation hub.
He noted that Zimbabwe's membership in the Southern African Development Community (SADC), the Common Market for Eastern and Southern Africa (COMESA), and the African Continental Free Trade Area (AfCFTA) provides investors with preferential access to a market of more than 1.3 billion people.
"Additionally, Zimbabwe also has preferential trade agreements with the European Union. Once you establish your business in Zimbabwe, you gain access to markets far beyond our borders. The time to consider investing in Zimbabwe has never been greater than now," he said.
Delivering a keynote address at a high-level business roundtable on the sidelines of the 80th Session of the United Nations General Assembly (UNGA80) in New York on Sunday, Prof Murwira - who represented President Emmerson Mnangagwa - said collaboration between local and international academic institutions was vital for enhanced research, development, and skills transfer.
"Our development model is anchored on innovation. We seek strategic partnerships in education, science, technology, innovation and culture, including the building of smart cities, high-tech facilities, ICT hubs and industrial parks," he said.
Prof Murwira highlighted that Zimbabwe welcomed partnerships with United States universities to advance technology transfer and prepare the country's youthful population for a knowledge-driven economy.
Describing Zimbabwe as "a land of stability, opportunity and shared prosperity," he stressed that investment in innovation would be central to achieving the country's Vision 2030 goals. The Government has identified innovation and technology as critical to improving food security, bridging economic gaps, and boosting overall development.
He assured potential investors that Zimbabwe's investment laws enshrine non-discrimination, while liberalised foreign exchange regulations allow 100 percent repatriation of investment income, including dividends and profits.
"Our policy of ‘Zimbabwe is Open for Business' and the doctrine ‘Nyika inovakwa nevene vayo/A country is built by its own people' align seamlessly with the US administration's emphasis on commercial and transactional diplomacy," he said. "Together, these set the stage for practical, mutually beneficial cooperation."
Murwira also pointed to Zimbabwe's strategic location in the heart of Southern Africa, with access to major seaports through established road and rail networks, as well as potential for a regional aviation hub.
He noted that Zimbabwe's membership in the Southern African Development Community (SADC), the Common Market for Eastern and Southern Africa (COMESA), and the African Continental Free Trade Area (AfCFTA) provides investors with preferential access to a market of more than 1.3 billion people.
"Additionally, Zimbabwe also has preferential trade agreements with the European Union. Once you establish your business in Zimbabwe, you gain access to markets far beyond our borders. The time to consider investing in Zimbabwe has never been greater than now," he said.
Source - online
