Captains of industry and commerce have expressed optimism that the Zimbabwe Investment Conference, which begins this Tuesday, will provide a platform towards increasing investor confidence within the country.
In a move aimed at creating a conducive investment climate for the country, local, regional and international investors will be meeting in Harare for the 2 day investment forum amid revelations that stakeholders should come up with workable policies to consolidate macro- economic gains.
The Zimbabwe National Chamber of Commerce Vice Chairman, Mr Davison Norupiri said the prevailing macro- economic stability should be taken as a key element in attracting new investments.
â€œWe just hope that what comes out of the meeting will be important in attracting new investors,â€ Mr Norupiri said.
While both local and foreign direct investments are this year expected to contribute 14% to the annual Gross Domestic Product (GDP), the Director for Emerging Markets, Mr Richard Banks says the investment forum will also market the nationâ€™s investment opportunities.
â€œIt is an important event and we are urging everyone to come to the occasion,â€ he said.
The Zimbabwe Investment Authority (ZIA) Chief Executive Officer, Mr Richard Mubayiwa believes the investment conference should focus on joint venture deals between local and foreign companies.
â€œWe are hopeful that something tangible will come out during the deliberations,â€ Mr Mubayiwa said.
The government has created a One Stop Investment Shop that seeks to ease investment approval delays from 6 months to 5 days in a move expected to unlock investment inflows, boost savings, create jobs, promote exports and stabilise macro-economic variables such as prices, exchange rates and interest rates.