Published by the government of Zimbabwe
19 November 2009
Harare — ZIMBABWE is ready to receive investment across all sectors of the economy, and will remain an attractive investment destination in Africa, Zimbabwe's Ambassador to South Africa Simon Khaya Moyo, told South African investors.
Speaking at the Zimbabwe Trade and Investment Exchange, which ended in South Africa on Tuesday, Ambassador Moyo said there are vast opportunities across all sectors of the economy which South African investors can tap in.
"Let me state unequivocally that Zimbabwe is ready to receive investment in the sectors of agriculture, manufacturing, mining, tourism, education, health, transport and communication.
"Zimbabwe is highly educated, friendly population of about 12 million remains ready to provide highly skilled and reliable support," Ambassador Moyo said.
Ambassador Moyo said SA investors had demonstrated interest in the re-building of the Zimbabwean economy.
The trade and investment exchange comes after Zimbabwe successfully hosted the Mining Indaba that was arranged by the Ministries of Economic Development and Investment Promotion, and Mines and Mining Development, which was well attended by SA investors.
Ambassador Moyo added that Zimbabwe would continue with its efforts to rebuild the national economy and engage other countries to spearhead the turnaround programme.
"Therefore, all of us politicians as well as ordinary Zimbabweans, have no choice but to make things work in that country.
"And us the leadership must lead by example," he said. Zimbabwe and SA enjoy excellent political and economic relations, with the latter being this country's biggest trading partner.
Investment relations between the two countries are expected to increase once the Bilateral Investment Promotion and Protection Agreement is signed.
Zimbabwe is negotiating for US$50 million in lines of credit from South Africa.
In addition, it was also pursuing the restoration of the R2,65 billion rand facility made available by SA to Zimbabwe for 20 years, but discontinued last year at the height of economic challenges in the country.
The Bippa essentially guarantees security of investment for SA African investors who will be operating in Zimbabwe.
The exchange, which was organised by Omega Investments Research, was attended by Finance Minister, Tendai Biti and top captains of industry from Zimbabwe and South Africa.
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