Zimbabwe Remains an Attractive Destination for Investment

President Mnangagwa

President E.D. Mnangagwa’s ‘Zimbabwe is Open for Business’ mantra has effectively marketed the country to international investors, who are increasingly seeking opportunities to invest in Zimbabwe. Currently, the government is hosting a delegation of investors from Ploutous International Investment firm, based in the United Arab Emirates (UAE) and the United States of America (USA).

The team is in the country to negotiate investment deals in areas such as mining, agriculture, and low-cost housing. The delegation includes former National Basketball Association (NBA) player Alex McLean, who expressed optimism that his first visit to Zimbabwe will be worthwhile, not only for scouting basketball talent but also for exploring investment opportunities.

The arrival of these investors is a welcome development that bodes well for economic growth. By establishing business enterprises, they bring employment opportunities, which is especially significant for a country like Zimbabwe that has struggled with high unemployment rates due to Western sanctions for over two decades.

The investment delegation, comprising representatives from agriculture, energy, and sports, is a significant endorsement for Brand Zimbabwe. The “Zimbabwe is Open for Business” mantra continues to attract investment, positioning various sectors of the economy to benefit from these opportunities.

The presence of basketball expert Alex McLean is particularly beneficial for those interested in the sport. Basketball is an internationally recognized sport, and McLean’s presence offers a valuable opportunity for the local basketball community to learn from his expertise.

Zimbabwe has recently seen an influx of international investors recognizing the country’s investment potential. The Zimbabwe International Trade Fair (ZITF) in Bulawayo last month attracted numerous international exhibitors, including some from European countries like the United Kingdom (UK), which had previously shunned the country for over two decades.

The Second Republic continues to drive economic development. With many international investors showing interest in the country, Zimbabwe is poised to become an attractive destination for investment, contradicting its previous reputation as an economically isolated nation. President Mnangagwa’s statement, “Zimbabwe is a friend to all and an enemy to none,” is yielding fruitful results.

Leave a Reply

Your email address will not be published. Required fields are marked *

News

New Tourism Strategy Aims to Empower Local Communities

The tourism sector is set for a transformation as the Tourism and Hospitality Industry Minister, Barbara Rwodzi, calls for greater collaboration with local communities to enhance their well-being. Speaking at the inaugural Tourism and Conservation Conference in Harare yesterday, Minister Rwodzi highlighted the critical role of community involvement in the future of tourism. The event, […]

Read More
News

Government Moves to Improve Transparency

On July 10, 2024, the Government took a significant step towards enhancing transparency and accountability in service delivery by launching the Zimbabwe Inter-Governmental Fiscal Transfers System (IGFTS) Administrative Manual. This initiative aims to streamline the management and processing of devolution funds, ensuring they are utilized in a responsible manner. Since its inception, the Second Republic, […]

Read More
News

Mutapa Investment Fund (MIF) – Zim’s 4th Chimurenga

The Sentry’s latest report on the Mutapa Investment Fund (MIF) has been met with scepticism and criticism, suggesting potential wrongdoing or unethical behaviour. The report uses language such as “raises concerns,” “overvaluation of shares,” and “transfer of public wealth to private individuals,” indicating a negative perspective on the MIF’s dealings. However, it is essential for […]

Read More