Zimbabwe’s position as an attractive investment destination continues to shape up following a German business delegation’s visit into the country to prospect business and investment opportunities.
A high powered German business delegation today met the Zimbabwe business community comprising the Confederation of Zimbabwe Industries, ZimTrade, Zimbabwe Investment Authority and the Zimbabwe National Chamber of Commerce to get a full appreciation of the country’s economic and business landscape and pave way for investment.
German is the biggest and highly industrialised country in Europe with total exports totalling more than 1.2 trillion euros in 2016.
With Zimbabwe having a persistent trade deficit over the years, the country’s manufacturing sector can fully recover with the increased German investments, said Mr Allan Majuru, ZimTrade director of client services.
The meeting was organised by the Berlin-based German Africa Business Association which is on a tour in Africa to scout for potential areas of investments.
The government of Zimbabwe has charmed international investors with its raft of economic and political reforms.
The German business delegation will this Wednesday (tomorrow) proceed with meetings organised for heads of various departments of the government and proceed to tour the Ruwa Industrial Park.