via Investor lethargy: Chinamasa rues politics – New Zimbabwe 29/09/2015
FINANCE minister Patrick Chinamasa has accused western governments of discouraging potential investors from their countries who would have visited Zimbabwe by lying to them about the situation in the country.
“I believe that the delegations which come to Zimbabwe, both trade and investment, remain sitting on the fence not entirely because our environment is not ripe to receive them, no, but because they take cue from their political leaders,” said Chinamasa.
The minister said this to western diplomats and reporters in Harare Monday when he was receiving a $97.9 million development grant from the European Union.
“Until the normalisation of political relationships, I do not think we can find many investors from Europe coming to Zimbabwe.
“Once that is sorted out my belief is, and I put my head on the block, that they will come off the fence,” Chinamasa inisted.
High-powered investor delegations, notably from Germany and France, have, since the beginning of the year, met with President Robert Mugabe who gave them verbal assurance of the safety of their investments should they decide to move into the country.
They (foreign investors) have however demanded that the investment laws be clarified and amended before they full-fill their pledges.