mtp launch 07-07-11.jpgZimbabwe has been on an aggressive investment promotion drive in a bid to promote investment inflows into the country in line with the 5-year Medium Term Plan of 2011 to 2015.

But what benefits are these initiatives yielding and just how critical are they to the country?

Government has been engaging the international community in the past few years to boost investment inflows to the country.

However, the process has proved to be slow, a situation that has been attributed to many factors.

Despite engaging several emerging economies such as Brazil, China, India, South Africa as well as hosting a number of investment conferences locally, only US$250 million was realised in terms of foreign direct investment inflows last year.

Addressing delegates to the Zimbabwe Euromoney Investment Conference in the capital, Finance Minister Tendai Biti acknowledged that lack of foreign direct investment (FDI) is one of the major challenges that are affecting the economic resuscitation of the country.

industrial.jpgBuy Zimbabwe Campaign General Manger, Mr. Munyaradzi Hwengwere believes the key to unlocking the country’s economic potential lies in foreign direct investments.

While new investors in the country acknowledge that Zimbabwe offers great potential as an investment destination, what has not been explained is the reason why investment flow to Zimbabwe has been limited.

Questions that remain unanswered are what government must do to lure more foreign investment into the country.

The country has hosted many investments meetings leading many to dismiss them as mere talk shows. Will more conferences ever solve the problem or is there need for Zimbabwe to shift attention to another plan?

Complaints have been made by some investors about the country’s legislation such as the indigenisation and empowerment policy. Does the country need to bend its own laws to accommodate investors, even to the detriment of its citizens?