Zimbabwe: Business Delegation to Tour DRC
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The Herald (Harare)
2 July 2008
Posted to the web 2 July 2008
Harare
A team of local entrepreneurs and company executives will visit the Democratic Republic of Congo's Katanga province later this week to explore investment opportunities and to negotiate softer tax regimes in the area.
The business tour that will run from July 28 to August 2, is part of regional efforts to increase trading among states in southern Africa.
It also seeks to consolidate economic ties between members of the Common Market for East and Southern Africa and to increase the participation of African countries in exploiting vast resources in the DRC.
Speaking at the commemoration of the country's independence anniversary recently, DRC Ambassador to Zimbabwe Mr Mawampanga Mwana Nanga said there were vast investment opportunities that Zimbabwean businesspeople and their counterparts in the region could exploit for development.
"I want to tell you that DRC still has a lot to offer for the people of the region, continent and the world, there is a place for everyone in my country. Before the end of the month local business people and company representatives will go to meet the Governor of Katanga province to explore investment opportunities in the province.
"The doors are still open for you to come and invest in our country.
"The trip is open to companies and business people who want to invest or expand into the DRC. It will give them an opportunity to negotiate for concessionary rates," he said.
Ambassador Mwana Nanga said Zimbabwe and DRC already had strong economic ties that had seen local businesspeople entering the hospitality, mining, civil aviation and agricultural sectors.
He said the peace that was being enjoyed in his country was a recipe for development and African businesspeople should therefore, seize the opportunity to increase their participation in the DRC.
Clarion calls had been made by the DRC government for Zimbabweans to invest in the country although a few local entrepreneurs had heeded these calls.
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Co-operation between the two countries had, however, increased with flight frequencies between Harare and Kinshasa increasing to four per week.
Read comments. Write your own.
Dave Donelson!!! Obviously you are not an African. You are NON-African .... a negative entity. Your interests in are ONLY exploitative and colonial. How do you mean "pariah state"? The days when Europeans, (I prefer that TERM instead of 'White'), maintain an abusive relationship with Afrika is coming to an end. Zimbabwe is leading the way. Painful!! yes it is but the results are freedom for future generations. Please stop interfering and meddling...be you religion or political missionaries. From your name, it looks like you are Scandanavian, the home of the NOBLE prize and awards ... money made from the… [Read Full Text]
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Is the DRC so desperate for foreign investment it must reach out to a pariah state such as Zimbabwe? By doing so, the DRC helps prop up the Mugabe regime, which is bad enough, but sends a message to the rest of the world that it cares little for democracy and freedom. Given the state of the economy in Zimbabwe, "investments" can only mean illegally-gained foreign currency that's being laundered by ZANU-PF members. The DRC is trading short-term profit for long-term respect. Dave Donelson, author of Heart of Diamonds, a novel of the Congo.