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Zimbabwe’s economic transformation charms investors

Story by Owen Mandovha

THE business community in South Africa has expressed keen interest to invest in Zimbabwe as the country’s profile as a safe investment destination continues to gain traction.

South African investors are keen to invest in Zimbabwe to cash in on substantial investment returns based on the flourishing economy courtesy of the Second Republic’s investor-friendly policies.

This emerged at the Zimbabwe Economic Prospects Ministerial Gala Dinner held in Sandton, South Africa on Wednesday night, where government ministers led by Information, Publicity and Broadcasting Services Minister Senator Monica Mutsvangwa highlighted the government’s economic achievements that have triggered an unprecedented economic renaissance.

“President Emmerson Mnangagwa has presided over the fastest-growing economy of Zimbabwe in history across all sectors. MINING has seen huge investments and the opening of new mines of lithium, gold and the like agriculture reforms have attained food self-sufficiency. The construction industry has really emerged as a building economic block in a very short period of time while tourism has witnessed another magnitude of historic growth,” she said.

“Mines and Mining Development Minister Honourable Winston Chitando noted, “The time to invest in the mining sector in Zimbabwe was yesterday. For investors here present you are missing out because we have 60 known minerals and currently we are extracting just 10. Come and enjoy the good returns in the mining sector.”

Zimbabwe is already a recipient of South African capital through the likes of prominent chrome mining investor, Zunaid Moti and more is coming after the Gala Dinner.

The Zimbabwean business community in South Africa organised the dinner.

“The Zimbabwean success story is less told and we as patriotic Zimbabweans decided to engage government so that investors can appreciate and see opportunities back home hence our decision to invite government to share these achievements,” highlighted Dinner Gala Organiser, Mr Conrad Mwanza.

Zimbabwe’s Ambassador to South Africa, Dr David Hamadziripi said even detractors of the country are acknowledging Zimbabwe’s progress as an emerging economic giant.

“Zimbabwe has indeed a new global face and is making waves looking recently at the Daily Telegraph survey which ranked our country as the most emerging market in tourism that really shows the great work being done by the Second Republic to build external image.”

Global capital is flocking to Zimbabwe, amid aggressive marketing of investment opportunities under the Second Republic’s open-for-business mantra.

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