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THE Ministry of Macro-Economic Planning and Investment Promotion will next month lead a business delegation from Zimbabwe for a private investment indaba in Russia.
The event will be held in Moscow from April 10 to 16.
“The Ministry of Macro—Economic Planning is scheduled to lead a delegation to Moscow, Russia. The visit is aimed at creating synergies between Zimbabwe businesspeople and their Russian counterparts. The initiative shall cover all sectors of the economy,” said the Zimbabwe National Chamber of Commerce (ZNCC) in a statement yesterday.
It called upon all private sector businesspeople, business representative organisations, parastatals and local authorities to register in order to attend the forum.
Delegates to the upcoming business forum are required to have bankable projects to sell to Russian investors.
ZNCC chief executive officer Takunda Mugaga said so far about 15 businesspeople who are their members have confirmed participation at the forthcoming forum.
“So far, we’ve 15 members who’ve confirmed participation and by being the largest business association, we’re targeting to see about 50 ZNCC members going to Russia for the forum before we start talking about businesses from other associations,” he said.
“As ZNCC and our sister chamber in Russia we’re agreeing on principles of private sector-led growth and this is why we want business people with bankable projects to attend the event. Russia is more of a command economy and this is why we want investment from that country.”
Zimbabwe and Russia enjoy cordial relations in the realms of politics and the economy at large.
In 2015, the two countries penned a $4 billion platinum investment deal.
Russian investors have indicated interest in financing a $4 billion platinum mine in the Great Dyke.
Prospective investors have also shown keen interest to explore other minerals, a possibility that could raise their investment portfolio in Zimbabwe.
Online Reporter