business meeting 20.09.10.jpgCaptains 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.

“We just hope that what comes out of the meeting will be important in attracting new investors,” 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 nation’s investment opportunities.

“It is an important event and we are urging everyone to come to the occasion,” 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.

“We are hopeful that something tangible will come out during the deliberations,” 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.