adminSince 2009, Zimbabwe has been registering growth in FDI following the adoption of multi-currency regime which stabilised the economy. FDI has increased by 280 percent from US$105 million in 2009.
Zimbabwe also embarked on a reform agenda through adoption of friendly policies to attract FDI. These included the creation of a one-stop investment shop and the adoption of the Medium Term Plan
Deputy Minister of Economic Planning and Investment Promotion Dr Samuel Undenge however expressed concern over misconception of the country indigenisation and empowerment law by foreign investors.
“Investors are reacting differently to the indigenisation policy as noted in investment conferences held in and outside the country,” said Dr Undenge.
“As a result, the number of registered investors is far below the approved numbers.” He said the Government was working on harmonising the indigenisation and investment policy to improve foreign direct investments into the country. “Of concern is also the poor ranking of the country in terms of the World Bank Ease of doing business indices with the country ranked 171 in 2011 out 183 (countries),” said Dr Undenge.
Online Reporter