business meeting 20.09.10.jpgThe business community is calling on government to make follow ups on approved investment projects to ensure that they are implemented.

 

Concern is being raised by the business community on the approved investment projects that are failing to take shape in a move likely to prejudice Zimbabwe of millions of dollars in potential revenue.

A local entrepreneur, Mr. Kingston Kanyile said on the sidelines of a Euro-money investment conference in the capital that despite a 40% growth in investment approvals since 2009, less than 10% of these have been implemented.

“We are deeply concerned with the drop in investment implementation,” Mr Kanyile said.

An investment analyst, Mr. Tinashe Mapara says government should embark on a workable investor tracking system.

Mr Mapara said,“There is need for workable policies to follow up approved projects.”

Zimbabwe Women Entrepreneurs President, Ms Irene Musarurwa says local and foreign investors should be committed to fulfill their promises to create jobs and restore business confidence.

“We want such pledged investment to become a reality,”

Zimbabwe has in the past three years witnessed an increase in foreign investors exploring business interests, but the major worry is the extent to which authorised business proposals are failing to take off.