Zimbabwe politically stable: Mnangagwa

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Zimbabwe is politically stable and decisions by both domestic and foreign investors should not be affected by political uncertainties, President Emmerson Mnangagwa said Friday.

Addressing delegates at the inaugural Zimbabwe Trade and Investment Conference in Harare, Mnangagwa said he was in the process of engaging all political parties to ensure that the period before, during and after the elections slated for later this year would be free from violence.

He said the government was committed to abiding by the SADC and African Union principles and guidelines on free and fair elections.

“I want to assure investors that Zimbabwe is not only ready for business but is politically stable. We should ignore the barking that goes on in the country,” he said.

“I know any party worth its existence will not oppose Zanu PF on the issue of holding violent free elections,” he added.

Mnangagwa said his government would also deal with corruption.

“We have also empowered relevant institutions to deal with corruption and we are committed to act with urgency. We are also in the process of creating specialized and systematic courts to deal with corruption with no delays and hindrances,” he said.

He said Zimbabwe was poised to become a middle income country by 2030, adding one of the key strategies towards attracting foreign direct investment was the introduction of Special Economic Zones (SEZs).

He said fiscal and non-fiscal incentives would be offered to transform the SEZs into high value manufacturing zones.

The country has been going through a tempestuous political period over the past few months, with both the ruling Zanu PF and the opposition MDC-T experiencing intra-party violence.