webster shamu 30-12-10.jpgMinister of Media, Information and Publicity, Cde Webster Shamu, says the enabling political environment prevailing in the country has made it possible for business people to invest in Zimbabwe.

Speaking on the sidelines of the official opening of Red Star, a wholly foreign-owned firm, Minister Shamu said some investors have realised that most negative information being peddled by foreign-sponsored media about the political situation in Zimbabwe is based on falsehoods and has become irrelevant.

The Minister of Economic Planning and Investment Promotion, Mr. Tapiwa Mashakada, expressed happiness at the gradual increase of investments coming to the country.

The wholesale group’s Chief Executive Officer, Mr. Ken Sharpe, said plans are in place to cede 51% of its shareholding capacity to locals in line with the country’s laws.

 

Mrs. Constance Shamu who has been named the first recipient of shares through the prestigious gold card plan given to customers who buy goods worth over US$1 000, said she is happy that the company has brought a scheme where any Zimbabwean might end up having shares.

Despite the increase in investment in the retail and wholesale sectors, analysts say real growth will only be realised when the manufacturing sector starts ticking as most supermarkets still have foreign produced goods.

 

Meanwhile, International financiers and investors attending the on-going Zimbabwe Mining Indaba have expressed eagerness to forge mutual partnerships with locals while commending the vastly improved investment climate in the country.

The 3rd edition of the on-going Zimbabwe Mining Indaba which is a platform for stakeholders in the sector to interact and share strategies for the growth of the industry comes at a time there has been increasing interest on the local mining industry, particularly the diamond sector by international investors.

Several investors who spoke to ZBC News say they are ready to partner local stakeholders on a win-win basis and expressed confidence in the ability of the local industry to make meaningful contribution towards the resurgence of the local economy.

Most of the foreign investors attending the Indaba say the gathering has been beneficial in as far as enlightening them on the objectives of the indigenisation and economic empowerment programme.