adminTHE Zimbabwe Investment Authority (ZIA) on Tuesday urged the incoming Zanu-PF Government to spell out its policy on investment to clear discord, which characterised the inclusive government. The authority’s chief executive Mr Richard Mbaiwa said under the coalition government, parties conflicted on various policies, which led to the country being perceived as an unsafe investment destination.
“As the country’s investment promotional body, we hope the new Government will clear the air on investment policies so that investors know the correct position,” he said.
“There should also be consistency on policy implementation to assure investors.”
Mr Mbaiwa said the peace and tranquillity that prevailed before, during and after the harmonised elections was useful in encouraging investment inflows.
He said it was important that the country remain stable to build investor confidence.
“Prior to elections both local and foreign investors adopted a wait and see attitude,” he said.
“Now that the results are out we are expecting an improvement on investment inflows,” he said. Zimbabwe recently held harmonised elections to form a new government following the expiry of the tenure of the inclusive government, which was established four years following inconclusive polls.
President Robert Mugabe and his Zanu-PF have since emerged victorious garnering 160 seats against 49 for the MDC-T while President Mugabe won 61 percent of the presidential vote against 33 percent for Tsvangirai.
In addition to the recent harmonized polls, Zimbabwe also held a referendum on the new Constitution this year. — New Ziana.
Online Reporter