adminSouth corridor,” he said.
“One can conduct business logistics with regional partners without too many hassles which make transactions cheap,” he added.
He said foreign investors and Zimbabweans living abroad should utilise the county’s accessibility and exploit available business opportunities.
“Zimbabwe’s business environment is supported by good infrastructure such as railways, roads, power and telecommunications,” he said.
“The country is endowed with natural resources and the economy is diverse with opportunities in manufacturing, services, agriculture, mining and tourism,” he added.
Mr Mbaiwa said Zimbabweans living abroad should play a critical role in the growth and development of the economy.
“We urge them to take advantage of the opportunities available and invest in their country now. Experience has shown that there is nothing to wait for.”
He said the targeted 25 percent investment of Gross Domestic Product by 2015 should have a major component of Diaspora investment.
Foreign direct investment, Mr Mbaiwa said, would quench the country’s liquidity challenges.
Meanwhile, the Zimbabwe Investment Authority has in the first quarter of the year approved 39 projects valued at nearly US$152,8 million with the bulk in the mining and manufacturing sectors.
Last year projects worth more than US$6,6 billion were approved and were expected to bring fresh capital injection into the economy. — New Ziana.
Online Reporter