Zimbabwe FDI increases

Zimbabwe was among top destinations for Foreign Direct Investment (FDI) last year, recording a near 100  percent growth in number of projects from the previous year compared to its neighbours that recorded declines, the latest report from global accounting firm, Ernst and Young (EY) shows.

Harare, under a new administration led by President Mnangagwa, is on a drive to boost investment through the “open for business” mantra.

In its Africa Attractiveness Report for 2018 released yesterday, Ernst and Young said Zimbabwe had seen the number of its FDI projects jump to 13 in 2017 compared to seven the previous year.— The Herald.

 

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