President Emmerson Mnangagwa is determined to ensure that Zimbabwe attracts the foreign direct investment needed to achieve the country’s vision of becoming an upper middle income economy by 2030.
Addressing delegates at an investment conference in London this week, the Minister of Information, Publicity and Broadcasting Services, Cde Monica Mutsvangwa said Zimbabwe is a sleeping giant, which is now being awakened by the New Dispensation.
“Zimbabwe has been in isolation for close to 20 years and the second republic intends to end that pariah stigma. The country is indeed a sleeping giant which is being awakened by the second republic,” she said.
Cde Mutsvangwa told investors that the government is implementing comprehensive reforms that aimed at improving Zimbabwe’s attractiveness as a destination for international capital.
“The government is putting in place a transparent, effective and efficient system of attracting investment, enhancing, streamlining and modernising the legal framework for investment. Under the second republic, Zimbabwe is committed to the protection and security of all investments from expropriation and any other measures which would have a similar effect,” the Minister added.
She also said political reforms are underway to deepen and broaden democracy in the second republic with the recent establishment of an inter-ministerial taskforce set to accelerate the process.
The annual Africa Financial Services Investment Conference seeks to match global investors with opportunities in Africa which is now described as one of the fastest growing regions in the world.
Cde Mutsvangwa headed the country’s delegation which included, Zimtrade officials, the Zimbabwe is Open for Business Forum as well as executives from the country’s finance and petroleum sectors.