JUST IN: Gvt processing 50-plus investment applications

Source: JUST IN: Gvt processing 50-plus investment applications | The Herald December 13, 2018

JUST IN: Gvt processing 50-plus investment applicationsSpecial Adviser to the Minister of Foreign Affairs and International Trade Ambassador Stuart Comberbach (right) chats with Zimtrade chief executive Mr Allan Majuru and Director of International Trade in the Ministry of Foreign Affairs and International Trade

An interim board tasked to establish the Zimbabwe Investment and Development Authority is assessing more than 50 investment applications which it will forward to President Mnangagwa for approval.

The interim arrangement has seen departments directly involved in serving investors coming together while ZIDA will facilitate investments under one roof, as Zimbabwe intensifies efforts to attract foreign direct investment (FDI).

The provisional measures include bringing under one roof immigration, police, and representatives from various ministries.
Speaking on the side-lines of the inaugural Intra African Trade Fair here, Special Adviser to the Minister of Foreign Affairs and International Trade Minister, Ambassador Stuart Comberbach said more companies were showing interest to set up shop in Zimbabwe.

“What we cannot do at the moment is put value to the applications that are being assessed for approval but what I can confirm is that investment projects that have been approved have reached US$5,1 billion, so you should see some of these materialising in the early part of next year,” he said.

More to follow…

COMMENTS

WORDPRESS: 0