malvernmugadzikwa
Sunday Mail Reporter
GOVERNMENT has made giant strides in improving the country’s ease of doing business environment in a quest to attract domestic and foreign investment.
This was said by Information, Publicity and Broadcasting Services Minister Senator Monica Mutsvangwa, who was speaking at the Zimbabwe Ministerial Dinner held in Johannesburg, South Africa, last week.
She said Government was introducing policies that will see Zimbabwe becoming the safest destination for capital on the African continent.
“I would like to express my gratitude to our President, His Excellency Emmerson Mnangagwa, for having endorsed this event,” she said.
“Apart from reiterating the Zimbabwe is Open for Business policy proposition, this clarion call is premised on the need for progressive institutions and individuals to appreciate the reform-anchored State architecture that has been delivered by President E.D. Mnangagwa.
“The timing of this event tonight is most appropriate considering the spotlight on our nation as we approach our harmonised elections on August 23.
“Indeed, while the focus is on the politics of our country, elections are a one-day event that will come and go, but we will still have a country beyond that day.
“It is, therefore, imperative that we focus on opening our country and our economy to investors so that we secure a better, more prosperous future for all our people.”
The Second Republic, Senator Mutsvangwa said, has achieved major milestones in infrastructure development.
She added that the Government’s thrust was aimed at achieving inclusive development, anchored in making the country a favoured destination for capital.
“Our geospatial advantage makes us a strategic nerve centre for SADC trade and commerce, which directly feeds into the aspirations of the African Continental Free Trade Area (AfCFTA).
“The resilience of our economy is attested by our robust sanctions-busting strategies.
“Zimbabwe is making strides in improving its regulatory and general business environment in a quest to attract both domestic and foreign investment, and is also targeting to become the safest destination for capital injection on the African continent.
“Foreign investors are allowed to own 100 percent shareholding for mining operations in all minerals,” she said.
Minister Mutsvangwa highlighted the major projects that have been completed by the Second Republic over the past five years.
“For the challenge of food insecurity at national level, President Mnangagwa has directed investments in water retention through extensive dam building and ploughing funds into irrigation facilities,” she continued.
“This has had the added advantage of climate-proofing Zimbabwean agriculture in the face of climate change.
“You will be happy to also know that Zimbabwe is now self-sustaining in wheat production.
“We are on the verge of becoming a net exporter of wheat as the geopolitical challenges buffet the global food market,” she said.
She assured investors that their investments would be safe in the country.
“Your invested capital will be promptly turned into profits by a disciplined labour force that is keen to turn education into skills.”
Online Reporter