Government is expecting increased foreign direct investment confidence that is anticipated to be generated from President Emmerson Mnangagwa’s maiden appearance at the World Economic Forum to be held in Davos next week.
Zimbabwe has been struggling to get foreign direct investment because of bad investment policies and high cost of registering and doing business.
Vice President Retired General Constantino Chiwenga told captains of industry and commerce at the Zimbabwe Business Club meeting held in the capital yesterday morning, that Zimbabwe stands to benefit from bilateral engagements and interactions by the Head of State and Government and Commander-in-Chief of the Zimbabwe Defence Forces President Mnangagwa at the World Economic Forum.
The Davos meeting is also an indication of President Mnangagwa’s commitment to ensure Zimbabwe regains global investor confidence, says Vice President Kembo Mohadi.
The new administration is putting emphasis on reviving the economy by introducing a range of measures to boost the country’s diminishing exports, fight corruption and cushion the local manufacturing sector to set the country’s fragile economy on a firm recovery path.