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ZIMBABWE’S foreign direct investment (FDI) topped US$410 million last year, remaining flat for the fourth consecutive year.
According to the 2014 World Investment Report launched Tuesday under the theme “Investing in the Sustainable Development Goals”, the country remained the lowest recipient of FDI in the region.
However, Government is crafting an investment policy “which should give policy direction on investing in Zimbabwe”.
In a speech read on his behalf, Finance and Economic Development Deputy Minister Dr Samuel Undenge said Government is developing a Joint Venture Legislative Framework; establishing SEZs (special economic zones) and offering preferential treatment to investors who qualify into SEZs.
Also, Zimbabwe Investment Authority board chairman Mr Nigel Chanakira said they have adopted a conscious effort to go out and “pull in investment”.
“We been holding road shows in a number of countries including China and the United States of America and for the first time we have seen interest from British investors,” he said.
Online Reporter