Turkey eager to invest in Zimbabwe

FOREIGN Affairs and International Trade Minister, Ambassador Fredrick Shava has met Turkish business people interested in investing in Zimbabwe during his ongoing visit to Turkey.

A representative from Yappi Merkez, which recently signed a Memorandum of Understanding with the National Railways of Zimbabwe (NRZ) says his company is confident of positive returns in Zimbabwe.

“We held a fruitful meeting with the minister, this follows the signing of a MOU with NRZ and we are hopeful that our agreement will be successful,” said Iskender Bilgin, Deputy General Manager, Yappi Merkez.

Another investor, Turkmall says now is the time to invest in Africa and in particular Zimbabwe.

“We are eager to invest in Africa and in particular Zimbabwe, there are huge returns in Africa as the environment is very conducive,” said Jibid Bulgan, General Manager- Turkmall
The Zimbabwe is open for business mantra is paying dividends for the country, with more investors expected to penetrate the local industry.
In his remarks at the official opening of the country’s embassy in Ankara, Turkey yesterday, Ambassador Shava called upon investors to put the new diplomatic station, which started in 2019 but because of the Covid-19 pandemic could not be officially opened, to good use.
As a follow-up to the opening of the embassy, a further agreement of diplomatic and official passports will be signed soon.
The visit by Ambassador Shava’s is expected to lay the ground for President Mnangagwa’s visit at some stage, either later this year or next year, to deepen relations with Turkey.
Speaking at the same ceremony, Turkish Foreign Affairs Minister Mr. Mevlut Cavusoglu, said Zimbabwe holds a special place for Turkey.

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