Ministers set for London Zimbabwe investment conference

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A NUMBER of ministers will be in London for a two-day conference next week as the Emmerson Mnangagwa government strives to lure foreign direct investment into the struggling economy.

Organisers of the “Zimndaba” conference, Consolidated African Services (CAS) Ltd, said industry minister Mike Bimha, mines minister Winston Chitando, energy counterpart Simon Khaya Moyo, and deputy finance minister Terence Mukupe have confirmed attendance.

Oasis Hove from President’s office and Cabinet will head the delegation.

“Zimdaba London 2018 is a unique opportunity for investors, business sector leaders, and foreign affairs specialists to hear the new Zimbabwe government articulate their plans for Zimbabwe’s re-engagement with the global business community,” CAS Principal Director (UK) Nicholas Holme said in a news release this Thursday.

He added, “The nation is full of potential. Zimdaba London 2018 will help pave the way for the revival of Zimbabwe as an economic powerhouse in the Southern African region.”

CAS is a dynamic multinational organisation with interests in social capital, mining, energy generation in Zimbabwe and Southern Africa focus.

The two-day indaba, which will run from 15 to 16 March, is also bringing together influential business leaders and investors from the United Kingdom and Europe to deliberate and discuss opportunities in Zimbabwe.

Representatives from the Zimbabwe National Chamber of Commerce, Confederation of Zimbabwe Industries, Zimbabwe Investment Authority and the Zimbabwe Special Economic Zones Authority will also attend.

Sponsored by Exotix Capital, Zimbabwe Diaspora Investment Group, Fastjet and Atlas Mara among others, the the conference will be held at the Royal Geographical Society in Kensington London.

Exotix Capital chief executive officer Duncan Wales said Zimbabwe would soon be enjoying economic growth.

“Exotix has a long history of market coverage in Southern Africa and, at this critical political and economic turning point for Zimbabwe, we’re delighted to facilitate interaction between the new administration and global investors through this landmark event,” he said.

Since assuming office last November President Mnangagwa has been reaching out and encouraging foreign investors to play a part in rebuilding the country, reiterating that ‘Zimbabwe is open for business’.

Ministerial-level delegations will be travelling to other world capitals in the coming months to promote Zimbabwe’s re-engagement plan and push for inward reinvestment.