21 March 2018
Mnangagwa pardons 3,000 prisoners
Rwanda: Mnangagwa commends civil society
Chivayo: Mangoma to appear before MPs
Parly: Ex-ZMDC boss grilled over $15bln
Rape accused teacher commits suicide
Masvingo: Alarm as ED campaign rally flops
Burundi leader wants to rule until 2034
Mega-Deals: We don’t dish out cash, China
Indigenisation law change cheers miner
Mnangagwa: Africa can do much better
Zim Achievers SA to honour Mtukudzi
Trey Songz up for punching woman
PSL mum on ZPC Kariba, Platinum match
SA: Kaitano Tembo praises youngsters
Mugabe spoke for the marginalised, but
Whither ED, how tactful art thou?
ZimDiaspora: Bum cleaners, runaway fathers?
Autism: Awareness and interventions
International engagement key to recovery
18/04/2014 00:00:00
by The Source
Economy flatlining ... Finance Minister Patrick Chinamasa
Chidhakwa calls for economic reforms
Desperate economy in 'Sunshine City'
Fresh waves flee worsening economy
Govt borrowings double year-on-year
You there?, Makoni asks silent Mugabe
ZimAsset requires $27bln, official
Zanu PF rejects MDC-T new coalition call
Biti: Economy needs $4bln stimulus, fast
MDC-T open to new coalition: Biti
ZimDollar return inevitable: Biti

RENEWED engagement with the international community and the move by the European Union to suspend sanctions against most Zimbabwean officials and some state-linked firms could help the economy to recover quickly, a leading pan-African investment group has said.

After gradually easing the embargo annually since 2010, the EU suspended sanctions on eight of Zimbabwe’s most powerful military and political figures in February this year, but kept them on President Robert Mugabe, his wife and a state military firm.

The bloc, along with the United States, imposed sanctions on Zimbabwe in 2002 in protest at alleged human rights violations and vote rigging by President Mugabe and his Zanu PF party.

Imara Edwards Zimbabwe executive director Tino Kambasha said timing factors suggest that the country was now at a stage where private investors must take a closer look.

The EU last year lifted sanctions on the Zimbabwe Mining Development Corporation (ZMDC), a government mining arm, which has allowed it to auction its diamonds in Europe and Dubai. The bloc will also resume channelling development aid directly to the Zimbabwe government from 2015.

In addition, the IMF will reopen its local office later this year, a decade after its closure, signalling the warming of relations, Kambasha said.

Apart from the EU, Zimbabwe was attracting interest from South African and Asian investors, he added.

“We may have a soft market currently, but interest is firm,” Kambasha said in a statement to announce Imara’s annual investment conference that will be held from 27-30 May in Harare.


Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it






Face Book



comments powered by Disqus
RSS NewsTicker