Chronicle Editor
GOVERNMENT is prioritising foreign direct investment in order to mobilise the huge resources that are required to develop the different sectors of the economy, a Cabinet Minister has said.
Industry and Commerce Minister, Dr Sekai Nzenza, made the remarks in a speech read on her behalf during the official opening of the inaugural Zimbabwe Institutional Investor Forum, which MN Capital is holding in the capital.
Investors including those in the insurance and pensions business are attending the two-day indaba which started yesterday and running under the theme: “Rethinking Investment Returns in the New Normal – Investing for Impact”.
Dr Nzenza said the Government had taken steps to attract investment through the engagement and re-engagement policy while also pursuing economic policies aimed at increasing foreign direct investment.
“I am glad that this forum was conceptualised and designed for the institutional investment community. This sector is very important to us as a Government, what we know for sure is that institutional investors have greater influence and impact on the market in companies they invest in.
“Furthermore, we also know as a Government that institutional investors do professional research and are known to improve and promote management applicability. As Government we take pride in forming strategic partnership with the private sector, especially doing everything possible to make sure that the course of capital is manageable for both our small and medium enterprises and large corporates in an effort to drive economic transformation,” she said.
Minister Nzenza said Zimbabwe was endowed with abundant natural resources, which could be leveraged on in order to realise the vision of attaining a prosperous and empowered upper middle-class economy by 2030. – New Ziana
Online Reporter