‘Zim Ripe For Investment’

President Mnangagwa addresses delegates at the G77 and China Leaders Summit on Climate Change, at COP28, in UAE. - Picture: OPC Zimbabwe.

Kudzanai Sharara in DUBAI, United Arab Emirates

ZIMBABWE is endowed with a vast array of natural resources but lacks capital and technological expertise to fully exploit them, President Mnangagwa has said. Addressing members of the United Arab Emirates business community here on Saturday where he was attending the 2023 United Nations Climate Change Conference (COP28), President Mnangagwa reiterated that Zimbabwe was open for business and invited investors to consider the vast opportunities in the country. “The mantra is that Zimbabwe is open for business, a friend to all and an enemy to none,” he said. President Mnangagwa said Zimbabwe stood ready to welcome investors through the Zimbabwe Investment Development Agency (ZIDA) which offered seamless processes to register and do business. He said there was an array of fiscal incentives that stood to benefit investors who chose to do business in Zimbabwe. Strategic investments could also be granted National Project Status with the associated concessions. With the best weather on the planet, Zimbabwe was keen to play its part towards global food security having successfully done so at household level and making strides to do the same at national level. Already Zimbabwe is now wheat self-sufficient and exploring export opportunities. With vast tracts of land at its disposal, Zimbabwe has the potential to scale up and provide investment opportunities for those with capital and expertise. ReadMore