Zimdaba London 2018 Investment forum concludes

“An overwhelming success”, say sponsors and participants

Zimdaba London 2018 concluded yesterday after two days of intense and focused

discussions between senior Zimbabwe government representatives and a wide range

of investors and business leaders – the first multi-sector international investment forum

on Zimbabwe to be held outside Africa since the leadership transition last year.

 

The conference saw Zimbabwe- and UK-based Consolidated Africa Services (CAS)

Ltd bring together Zimbabwean Government ministers, high-ranking civil servants, and

investors ranging from small-scale entrepreneurs from the diaspora to global

investment groups with multi-billion dollars of funds under management. Also

attending were sector leaders in mining, financial services, infrastructure

development, and tourism, as well as diplomats and political risk experts.

 

Sponsors such as Exotix Capital and Great Dyke Investments hosted break-out events

for invited guests, and Atlas Mara Chairman Mr Bob Diamond articulated his

company’s conviction that Zimbabwe is on the cusp of positive change.

Minister of Mining and Natural Resources the Hon. Winston Chitando spoke knowledgeably of the wide range of opportunities that Zimbabwe offers investors – a

sophisticated and educated workforce, abundant natural resources supported by an

operational infrastructure. Along with his fellow senior Zimbabwean delegates –

including the Principal Secretary in the Office of the President Ozias Hove, Deputy

Governor of the Reserve Bank Dr K Mlambo and Richard Mbaiwa, CEO of the

Zimbabwe Investment Authority – Mr Chitando reinforced President Mnangagwa’s

message – ‘Zimbabwe is open for business’

Mr Duncan Wales, CEO of Zimdaba London 2018 sponsor Exotix Capital, said “The

success of Zimdaba clearly demonstrates the commitment and optimism that

international investors have for Zimbabwe. We are delighted to have been able to

contribute to such a positive opportunity for government, businesses and investors to

engage on the key issues that will shape Zimbabwe’s future.”

The Zimbabwe government delegation used the conference to present a wide range

of policy programs that will transform the business and investment operating

environment in Zimbabwe. Legislation for Special Economic Zones, tax holidays for

certain classes of investor, and joint venture and public/private partnerships in

infrastructure development and other areas are all underpinned by a profound change

in the Zimbabwean government’s attitude to, and appetite for, foreign investment.

 

During the conference lively and candid discussion groups where representatives from

mining, agri-business, tourism, financial services and other sectors shared the stage

with Zimbabwe government representatives. These public conversations focussed on

the role foreign investment will play in realising President Mnangawa’s ambition to

‘make Zimbabwe a middle-income country by 2030.’

Speaking after the over-subscribed conference, CAS Principal Director Nick Holme

said “In the past four months we have seen overwhelming interest in Zimbabwe in our

network of investors and potential investors. Our objective with Zimdaba London

2018 was to create an enabling space where senior representatives of the new

dispensation in Zimbabwe could demonstrate their commitment to the future, and hear

the expectations and concerns of every class of potential investor and members of the

diaspora. We are very confident that we have achieved that objective.”

 

CAS will be organising the next major investment conference in Harare, Zimbabwe, in

September 2018.

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