Home » Education » LONDON HOSTING ZIMBABWE INVESTMENT FORUM

HARARE-- The British capital will host next week a high-level investment forum on Zimbabwe as the country forges ahead with its drive to attract capital into the local economy.

The Zimdaba London 2018 conference, to be attended by key economic Ministers from Zimbabwe, has been over-subscribed by interested fundmanagers, according to one of the organizers.

The new Zimbabwean administration, led by President Emmerson Mnangagwa, has opened its arms to the world under its Zimbabwe is open for business agenda, which seeks to ratchet up foreign investment.

In the past two decades, the country had seen a dearth in foreign direct investment (FDI), becoming one of the smallest recipients of FDI in the region because if the strained relations with the West and policy discord.

However, the world appears to be warming up to the new Zimbabwean administration.

The conference, which will be held on March 15 and 16, is organized by Consolidated African Services (CAS) Ltd, a Zimbabwe and Britain-based multi-sectoral company.

CAS principal director (UK) Nicholas Holmesaid said the forum is a unique opportunity for investors, business sector leaders, and foreign affairs specialists to hear the new Zimbabwe government articulate their plans for re-engagement with the global business community".

Some of the top government officials expected to participate at the conference include Ozias Hove from the Office of the President and Cabinet, who will be heading the delegation, Deputy Minister of Finance and Economic Development Terence Mukupe, Industry, Commerce and Enterprise Development Minister Mike Bimha, Mines and Mining Development Minister Winston Chitando and Simon Khaya Moyo, the Minister of Energy and Power Development.

Officials from the Zimbabwe National Chamber of Commerce, the Confederation of Zimbabwe Industries, the Zimbabwe Investment Authority and the Zimbabwe Special Economic Zones Authority will also attend.

Source: NAM NEWS NETWORK

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