CAPE TOWN - DEPUTY Prime Minister Arthur Mutambara, said Zimbabwes economy had been destroyed so much that it was in need of investment as opposed to aid.Aid is usually for consumption. Zimbabwe needs investment in all sectors. Investment that creates jobs, revives industries, improve service deliveries and improve our infrastructure. The past is a bad place, but the future is glamorous, Mutambara said.
What we need in Zimbabwe and Africa are reforms that attract investments. The is the only way we can be more competitive, he said
Mutambara said limited access to investment and financial services remains a major obstacle for Zimbabwe and African enterprises, but underdeveloped infrastructure, limited healthcare and educational services, and poor institutional frameworks also makes the continent less competitive in the global marketplace.
He said however that within the Southern African Development Community (Sadc), there may be a more positive attitude to multilateral actions to fight the recession.
The future of our country doesn’t depend on aid, he said. The future of our country belongs to investments. We look to develop through profits.
In reference to the trip by PM Morgan Tsvangirai to the EU and US, Mutamabara said the trip itself is a victory for the former opposition.
The simple fact of the meeting with Mr Obama itself constitutes a victory, Mutambara said.
Post published in: Agriculture