Zimbabwe unveils investors’ guide

via Zimbabwe unveils investors’ guide

THE Ministry of Economic Planning and Investment Promotion has launched an investment handbook on Zimbabwe that profiles opportunities in the domestic economy. Secretary for Economic Planning and Investment Promotion Dr Desire Sibanda said Government was committed to ensuring that key information on opportunities and procedures for doing business in the country is readily available to potential investors.

The book was launched last week in Victoria Falls, at a conference organised by the Ministry of Tourism and Hospitality Industry, Zimbabwe Economic Policy Analysis and Research Unit, United Nations Development Programme and Deloittes.

It was launched at the conference on the sidelines of the United Nations World Tourism Organisation under theme ‘Travel and Tourism Competitiveness Conference – Making Zimbabwe the destination of choice’.

Dr Sibanda pointed out that Zimbabwe was the only country on the continent which had not produced an investment brochure which outlines the major investment opportunities and the incentives which apply to the different sectors of the economy.

“The publication highlights some key points on why to invest in Zimbabwe. These include; irreversible socio-political and economic reforms which are highlighted in the Medium Term Plan. These (economic) reforms resulted in a new economic trajectory that led to higher economic growth in the past three years,” Dr Sibanda said.

In terms of the MTP, the Government is committed to raising foreign direct investment levels from the current 4 percent of GDP to at least 25 percent by 2015 given opportunities that exist and the investment reforms that are underway.

It also chronicles some key points on why to invest in Zimbabwe, namely regional logistics hub of Southern Africa, huge endowment of mineral wealth and an educated highly literate workforce, which have seen the country is currently ranked number one in terms of literacy rates in Africa, with an adult literacy rate of 92 percent.

Secretary for Tourism and Hospitality Industry Mrs Margaret Sangarwe said production of the handbook, to be distributed during the UNWTO General Assembly, was timely.

Zimbabwe is taking advantage of the country’s strategic location to promote the country as the hub of tourism in Southern Africa as outlined in the investment handbook.

Other areas of investment in the tourism sector include development of new tourism resorts, conference facilities, hunting safaris, transfrontier conservation areas, travel and tourism services and sustainable community-based tourism enterprises.

Opportunities in the agriculture sector, the mainstay of Zimbabwe’s economy, include mechanisation, value addition of agriculture produce, horticulture, dairy and livestock.

The infrastructure sector offers opportunities in energy, transport, water and sanitation, housing and construction, information communication and technology and SMEs.

Mining sector investment opportunities exist in exploration, resuscitation of existing companies, establishing new mines as well value addition among other areas.

Manufacturing has traditionally been one of the key drivers of the Zimbabwean economy and the sector presents numerous opportunities in the sub-sectors of food and beverages, leather and leather products, packaging and plastics, metals and metal products, textile and clothing, chemicals, ICTs and pharmaceuticals production.

A well developed and diversified financial services sector offers opportunities in insurance industry, money and capital markets development and micro- finance banking.

The publication also highlights key investment opportunities in State enterprises and parastatals opened up to private sector development. The 78 enterprises in the various sectors of the economy will be commercialised, restructured and privatised.

This comes after the Ministry of Economic Planning and Investment Promotion also launched the One-Stop Shop Investment Centre in December 2010, whose objectives are to simplify and shorten procedures and guidelines for investment proposals.

 

COMMENTS

WORDPRESS: 24
  • comment-avatar
    kiddnile 7 years ago

    What has the Zanu Pf been doing for the past 33 years ?

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    tourists wont visit racist countries.

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    Collin Mackenzie 7 years ago

    Supeomdo

    It’s not directed to people like you.
    You the one who is racist and so should not go to Zimbabwe and in fact you all talk an no money.

    Zimbabwe is not only for white tourist, the record the highest travellers are from the east and includes china

    Zimbabwe is no Racist country go to Cape Town and you will see what racism is, only whites benefit from the City and its a sin to be black in the mother city.

    That’s a good place for people like you to and will be most welcome, thats your cup of tea

    Why is it beating you up so much that Zimbabwe’s economy is on the up Zimbabweans will tour their own country.

    Zimbabwe is a stable, crime free country and beyond that it is time to transform your thinking process
    The political in fighting and elections are done and dusted so stop campaigning
    And think Zimbabwe and if you have nothing positive or contribute towards the bottom line of Zimbabwe, please for Gods sake keep quite.

    It’s people like you take bring the spirit of division and other uncertainties that are not contrastive nor relevant to the current Zimbabwe Situation.

    • comment-avatar
      MikeH 7 years ago

      YOU ARE HAVING A LAUGH !!!

      • comment-avatar

        Collin is in a delusional fog – probably caused by what he’s smoking. Anyway, he certainly gives us all a laugh.

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      Peter Macklyn 7 years ago

      Mackenzie you are so stupidly out of date. The stock exchange dropped when the thief stole the elections and is still on the way down. So much for the Zim economy on the way up, idiot. Ask mugs what he thinks of white people in his Zimbabwe. He, and a lot of you are the biggest racists in the world so shut the fu*k up. What was the lie, one farm for everyone regardless of color, race etc but in fact whites have had their farms stolen by this racist thief and now he is starting on the businesses. Just wait until there is no food in the shops again and then lets see what you, in your uneducated way, have to say about that.

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      adam jones 7 years ago

      no one will invest in mugabe’s zimbabwe. what? …. hand over 51% of your cash to kasukuwere? what fool would invest in such an environment? this is worse than having a lough. chero kurota hakudai so. dreams are more realistic.

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    What happened to Mugabe’s 2020 plan?? All these people know is talk big, what a waste of time not in a 1000 years

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    Does the Investment Guide explain the part where the Indigenization Act comes along and takes 51 % of your business for nothing? No? Perhaps it should.

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    Dexter 7 years ago

    Hope this pays off

  • comment-avatar
    Charles Chindove 7 years ago

    Can I have a Copy to distribute in India, send me the soft copy to cchindove@aol.com

  • comment-avatar
    jongwe power 7 years ago

    Here is a handy, easy-to understand investor’s guide.

    1) If you are British, American, Australian or other type of Caucasian, f#@k off! If you still insist on doing business with us, we will take 51% of your stuff. Better be prepared to bribe your way out of that arrangement. Israelis are exempt despite the fact that most modern Jews are obviously and genetically white.

    2) If you are South African, come on in and take over our ailing businesses. Heck, take over our towns. you still have to give up 51% of your stuff, and find some arrangement with one of our top officials to get some of your stuff back.

    3) If you are Chinese or Russian, welcome Comrade! Feel free to do whatever you please. Heck, bring your entire workforce and their families over to efficiently fulfill your objectives. Our people don’t mind because there is no unemployment whatsoever under our informal employment system.

    • comment-avatar
      Brett Smith 7 years ago

      Well said

    • comment-avatar
      MikeH 7 years ago

      GOT IT IN ONE !!!

    • comment-avatar
      Peter Macklyn 7 years ago

      We need to welcome the re-colonization of Zimbabwe by the chinese. I wonder what they will call their new colony and will there be jobs for black people?

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    eztechplc 7 years ago

    I have learnt that Desire Sibanda and Sangarwe Margaret are good authors of critical appreciation…..the stuff that you guys wasted time on will never be applicable in Zimbabwe for as long as mugabe lives…..at least send the document to China…..but before you do that remember chinese make cheap stuff, pay cheap taxes, give cheap patriotism. The next 5 years will be total disaster……there will be massive tooth for tooth for Zanu pf cadres, it will be the last loot for all those above 75. The loot will be massive too……you will discover more diamonds to loot, more accidents to cadres, more sanctions to blame…..but well…..many zimbabwean will cry n die. As these signs appear, know yee that the end is near

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    gorongoza 7 years ago

    You made me laugh..Zimbabwe being the regional logistics hub? just think the Beitbridge -Chirundu road and see how laughable that is. Its just a go through country not a hub by any maeasurement. consider Durban, Rchards Bay etc as hubs, Maputo and their countries’ road and rail networs (SA esp). Zim deosn even have a working railways company, AirZim faultered many years ago…and you call yourself a regional logistics hub? zviroto zviroto!

  • comment-avatar
    MikeH 7 years ago

    There is absolutely NO WAY I would invest in mugabeland. I shall leave that to the likes of China, who will want considerably more return than 49% of their investment.

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    Wondo yaMDC T and ZANU yapera , batanani , iam postive Zimbabwe will be on the right track soon , as i am a support of MDC T ,may i advise all my comrades that it is another juncture now ,campaining period is over ,lets be positive and begin another hike for 2018 .Are you ready , don’t loose hope work together with you rivivals and take advantage of their mistakes .Forward comrades , forward our time is coming ,viva viva viva comrades , don’t be in the bush and continue crying like cowards , lets closely monitor them and spear them after their weakinesses hence working on having fresh minds and ideas to win the 2018 elections , remember Mugabe would be in doors or in a grave by then .

  • comment-avatar
    Ndlovu 7 years ago

    The Secretary for Economic Planning and Investment Promotion Dr Desire Sibanda is absolutely right!

    Just change the name Zimbabwe to Rhodesia and turn back time to before 1980.

    • comment-avatar
      Peter Macklyn 7 years ago

      Well said, but there are a lot of undesirables to get rid of as well.

  • comment-avatar
    Protege 7 years ago

    It should be published in mandarin only

  • comment-avatar
    Protege 7 years ago

    Only viable if published in Mandarin