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Zimbabwe Attracts $11 billion Of Foreign Direct Investments In 5 Months

South-Africa

Zimbabwe Attracts $11 billion Of Foreign Direct Investments In 5 Months

President Emmerson Mnangagwa says his new administration has attracted $11 billion Foreign Direct Investment (FDI) commitment only in the past five months.

The government announced sweeping investment reforms underway towards attaining a middle income economy by 2030.

“To date, we have witnessed about US$11 billion worth of investment commitments from foreign investors. Cross cutting reforms are in motion to make Zimbabwe an attractive place to do business for locals and foreign investors alike.”

“Locally, there has been an upsurge in capacity utilisation and overall industrial growth. While cash liquidity shortages and foreign currency availability continue to be constrained, my Government is implementing a cocktail of measures that will see the sustainable resolution of the challenges.”

He said it was important to inculcate a culture of hard work among Zimbabweans.

President Mnangagwa said his Government was intensifying rural development, especially refurbishment of roads.

“I have directed the Ministry of Transport and Infrastructure Development, through the Zimbabwe National Roads Administration to identify priority roads so as to facilitate prompt movement of goods and people,” he said.

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