Zim restoring its image

Zimbabwe has over the past year witnessed an increase in the number of foreign companies interested in doing business in the country.

Of significance have been the signing of mega investment deals worth billions of US dollars with China and Russia.

The Chinese will undertake massive investments in infrastructure development, ICTs, agriculture and health.

The Russians, on the other hand, are already establishing a US$4 billion platinum mining venture.

Business delegations from several European countries have been making a bee line to scout for investment opportunities in Zimbabwe.

Economist Mr Witness Chinyama told The Sunday Mail that the renewed investment interest was spurred by realisation that the negative portrayal of the country was driven by cheap propaganda.

“The problem that the country faced all along was that of a poor international perception, whereby America and her Western friends sought to portray the country as a pariah. As a result the country became an unattractive investment destination.

“This has since changed and as a result we are seeing a marked improvement in the number of investors looking for opportunities in the country.

“Government has also done well to improve the investment climate through a number of policy interventions meant to stimulate investment.”

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