Story by Owen Mandovha, Business Reporter
Zimbabwe stands ready to cushion its economy against emerging global geopolitical risks and seeks to continue attracting foreign investment capital to develop its economy.
This was said by the Minister of Finance, Economic Development and Investment Promotion, Professor Mthuli Ncube, who attended the just-concluded World Economic Forum Annual Meetings in Davos, Switzerland this week.
A future associated with rising geopolitical tensions, raging wars and worsening climate change crisis is what the government of Zimbabwe has to contend with going forward, which calls for appropriate interventions to maintain stability.
However, Professor Ncube says there are numerous pockets of investment opportunities available for Zimbabwe to take advantage of regardless of the mounting global headwinds.
He said, “The World Economic Forum was indeed an eye opener for us. Risks that we need to be on the lookout are climate change, wars and tensions that have the impact on global economy. As a country, we have to prepare ourselves for this new normal so as to achieve our economic aspiration.”
Professor Ncube however mentioned what the country can leverage on in this global new normal including capitalising on the natural endowments.
“The positives are that the world is gravitating towards green energy and as Zimbabwe, we have to leverage on that and build our economy around our competitive advantages.”
The coming of US President, Donald Trump, who was inaugurated this week, saw him proclaiming new domestic and foreign policies that have a huge impact on global affairs include withdrawal from the Paris Climate Agreement.
