27 November 2015
New Zimbabwe Header
Traffic cops to collect more as fines up
Budget confirms Bob’s paranoia, experts
Pastor masquerades as marriage officer
2018: Chance for a Mujuru-led coalition?
Tanzania cuts costs, bans govt xmas cards
Chinese-built hospital uplifts Mahusekwa
Mnangagwa’s ZISCO 'lies' laid bare
Envoy bribes lover with $200k to abort
2016 Budget Highlights & Pictures
ZSE suspends trade in Pelhams shares
Zahara Hre show going ahead, promoter
'Thieving' model’s discharge bid flops
Highlanders ready for Dynamos test
ZIFA: Gwindi challenges voting councillors
2015 to 16: From frying pan into the fire
Chinamasa: Creation of a society of ENVY
Health Crisis: time to think outside the box
Professor Sam Moyo: An intellectual icon
Biti, Ncube date investors in London
08/01/2013 00:00:00
by Staff Reporter
London date ... Tendai Biti

FINANCE Minister Tendai Biti and his Industry counterpart Welshman Ncube will on Friday address business executives in London where they will pitch Zimbabwe as a safe investment destination.

The two are among several banking and industry bureaucrats invited to speak at the ZimInvest London 2013 fair - a platform to promote business opportunities in Zimbabwe across all sectors of the economy.

Organisers say the forum will “showcase over US$30 billion worth of infrastructure, mining and investment projects, some with regional potential such as the power projects.”

The event will be held at the Intercontinental Hotel, Park Lane, London, W1J 7QY under the theme, “Why Zimbabwe Matters.”

“This will be an excellent high-level networking platform for attaining a first -hand account of business in Zimbabwe, its potential and regional potential, as well as promoting Zimbabwe as a safe and attractive destination for investors,” ZimInvest said.

The organisation is targeting investors interested in Zimbabwe partnerships in various sectors of the economy including energy, mining, agriculture, infrastructure, banking and manufacturing among others.

Some 120 foreign investors are expected to attend, and a limited number of complimentary tickets will be issued to a few Zimbabwean entrepreneurs as well as other nationals wishing to attend.

Zimbabwe has struggled to attract any direct foreign investment in the past decade due to a myriad of factors such as political instability and radical policies pushed by the Zanu PF government including the land reform program.

Western sanctions have also worsened the investment drought, forcing the unity government partners to campaign for their removal to aid economic growth.

Ncube and Biti are some of the MDC officials who continue to push forcefully for the Western nations, especially the US and Britain to lift the restrictions.

The indigenization policy that compels foreign entities to cede a majority stake to foreigners has also been cited as another factor repelling investors.

The ZimInvest lineup of speakers include Chamber of Mines president Winston Chitando, Britain-Zimbabwe Society chairman Knox Chitiyo, Falcon Gold non-executive director Roy Pitchford, London Stock Exchange’s Richard Webster Smith as well as Net One managing director Reward Kangai among others.


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

Digg it






Face Book


comments powered by Disqus
Car shipping to Namibia, Zimbabwe, Botswana, Mozambique, South Africa and Zambia from UK
RSS NewsTicker