Zimbabwe and Britain reconciliation is expected to increase bilateral trade and economic cooperation thereby providing opportunities for renewed investment ties that have also a potential to unlock economic growth in the country.
Zimbabwe used to export several products to the United Kingdom (UK) such as beef, tobacco, gold, fruits, vegetables among others but following a diplomatic fallout with the nation’s coloniser all has not been rosy as trade between the two countries continue to decline.
With the Zimbabwe and the UK mending their relationships, there is hope that Britain which used to dominate investments in Zimbabwe will reconsider more projects, according to an industrialist Mr Jan Hart.
Zimbabwe’s decision to re-engage the UK is also expected to set the tone for other western economies or nations to soften their stance on Zimbabwe in terms of lending conditions on credit lines or loans, while also providing an opportunity for European Union investors to come and start businesses as well as partnerships with the country, says Zimbabwe National Chamber of Commerce chief executive officer Mr Chris Mugaga.
With the UK providing the basis for Zimbabwe to be readmitted into the London bullion market, paving way for reopening of British owned companies in the country, accelerating the provision of loans, setting the tone for positive investor image among other indicators, one cannot wait but to see the reconciliation translating into real positive economic gains.