Time to invest in Zimbabwe is now; Minister Nzenza

By Bruce Chahwanda

THE Government says time to invest in Zimbabwe is now, after coming up with investor-friendly policies that promote economic growth.

With a growth rate of 5.5 percent this year, Zimbabwe has positioned itself among the fastest-growing economies globally and an investor-friendly nation.

With this in mind, a Zimbabwe business delegation led by the Minister of Industry and Commerce, Dr Sekai Nzenza presented existing opportunities at the Zimbabwe-Dubai business forum at the Expo 2020 Dubai this Thursday.

“Zimbabwe has a growth rate of 5.5 percent growth which makes it one of the fastest-growing economies in Sub-Sahara and with such numbers, the time to invest in Zimbabwe is now in all sectors of the economy,” she said.

Zimbabwean Ambassador to the United Arab Emirates, Ambassador Lovemore Mazemo concurred with ZimTrade Chief Executive Allan Majuru that horticulture is a key sector to invest in considering that there are quick returns as well as the wider market for horticulture products.

“When you look at Zimbabwe, look it from a SADC point view, Afcta, AU and probably EU since we export our horticultural products in that region. We have a huge market share for such products so let’s partner in exploiting these opportunities,” said Majuru.

“We want our local companies to partner UAE companies in all sectors of the economy, it’s your chance,” said Ambassador Mazemo.

Dubai Chamber of Commerce and Industry Director, Omar Khan said a delegation will be visiting Zimbabwe soon to finalise on sectors that have generated a lot of interest among Middle East investors.

“We have good trade relations with Zimbabwe though most of the trades are anchored on precious stones. We need to expand this trade to other sectors of the economy like horticulture. A delegation will come to Zimbabwe to have a first-hand understanding of the sectors that the business community can explore,” he said.

The second republic’s “Zimbabwe is open for the business mantra” is paying dividends as investors have shown interest in setting up shop with over one hundred companies have registered with the Zimbabwe Development Agency (ZIDA) in the last quarter of last year.