Zimbabwe: 'Indigenisation Still a Barrier'

The recent engagement with the European Union (EU) by captains of Zimbabwe's industry has stimulated investor appetite from the economic bloc, but several handicaps remained, which could lead to continued isolation and scuttle potential foreign direct investment (FDI) inflows, an industry executive has said.

Once the single largest source of FDI to Zimbabwe, the EU has applied brakes on trade and investment with the country, which has been hit by a flight of global capital due to political uncertainty. Controversial agrarian reforms, expropriation of private assets, economic mismanagement, corruption and hostile policies are among factors that have triggered a standoff between Zimbabwe and the EU.

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