adminThe survey was aimed at establishing the African country that offered the best prospects overall for investment returns over the next three years.
“Investors are naming highly diverse countries as offering the best prospects for investment returns in the coming three years,” the report said.
“In terms of popularity with investors, Nigeria and Kenya top the list, followed by Zimbabwe and Egypt.”
Commenting on the development, Economic Planning and Investment Promotion Permanent Secretary, Dr Desire Sibanda, said the prevailing stable macro-economic environment would attract more investors.
He said the mining and agricultural sectors would draw the largest chunk of investors.
Dr Sibanda said investors would continue to come to Zimbabwe despite negative publicity about the indigenisation drive which the country was pursuing.
“It is a good thing that we are doing well, the international community cannot afford to forget about Zimbabwe because we are a force to reckon with,” he said.
Zimbabwe is slowly emerging from a decade long economic meltdown induced by sanctions that some Western countries imposed as reprisal for implementing agrarian reforms.
The sanctions saw a reduction in Foreign Direct Investment (FDI) resulting in reduced industrial capacity and near collapse of almost all sectors of the economy.
This prompted government to introduce a look East policy which is beginning to bear fruit as evidenced by the huge investments that Asian conglomerates are making in the country. — New Ziana.
Online Reporter