President Emmerson Mnangagwa has reiterated his previous pledge to create an investor friendly environment saying those who encounter challenges should not hesitate to let his office know.
He was addressing business people at a luncheon hosted by the Swiss African Business Circle.
President Mnangagwa’s last engagement in Zurich today was a working lunch hosted by the Swiss African Business Circle.
Zimbabwean born businessman and Global Quantum managing director Professor Mthuli Ncube said Zimbabwe is re-engaging at the right time when there is renewed optimism around the globe and a lot of investors are keen to invest in Zimbabwe.
In response, President Mnangagwa said a number of economic reforms are being implemented.
He said corruption has been a retarding effect on economic development and his government is taking serious measures to end the scourge.
President Mnangagwa talked about different sectors of the country’s economy which include mining, tourism, and agriculture but emphasized that the economic denominator in all these sectors is that Zimbabwe is open for business.
Government ministers and Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya who are accompanying the President were part of the panel during the discussion and answered some of the questions raised by the business circle.
Finance and Economic Planning Minister Cde Patrick Chinamasa said the smooth transition in Zimbabwe in November last year demonstrated political maturity.
He said most of the challenges that the Zimbabwean economy is facing like low production, low exports and fiscal deficit challenges will be solved once investors start coming in.
Dr Mangudya said Zimbabwe has found solutions to clear debts amounting to $6 billion and funds brought into the country by investors will be ring fenced.