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President Mugabe’s recent declaration that the country is in the process of reviewing its investor laws has attracted positive response from the International community which is now looking forward to investing in the country.
On Heroes Day, President Mugabe announced that the country will soon amend laws that were driving away investors.
He said the Government will establish a National Competitiveness Commission (NCC) to address the challenges faced by local industries.
The President said Zimbabwe is a country that observes and respects the rights of investors.
The Australian Ambassador to Zimbabwe, Suzanne McCourt yesterday welcomed the proposed amendments saying they will directly improve the country’s investment opportunities.
She said it was encouraging that the country was making clarifications on laws affecting investors.
“I very much welcome the Zimbabwe Government indications that it is in the process of reviewing some of the policies that impact on foreign investment. I’m very encouraged that there seems to be an understanding that clarity of policy and making changes to government policy will make Zimbabwe a more attractive investment destination,” she said.
McCourt said she was looking forward to hearing the outcomes of proposed amendments before engaging her country’s business community.
“I will pass these messages to my government because I want to encourage Australian businesses to invest here once the environment is conducive,” said McCourt.
She said investors wanted to be guaranteed that their investment will be safe.
“The message that the Australian business community is giving me is that they are very much interested in investing here,” she said.
Online Reporter