Zimbabwe Diasporans applaud the Zim investment and trade conference

Zimbabweans living in South Africa who attended the two-day investment and trade conference held in South Africa has applauded the organizers for the event which many described as a positive omen for the rebounding Zimbabwe economy.

Trade conference
Trade conference

Past ZNCC Harare branch Chairman Godfrey Chakanya speaking from his new base in South Africa described the event as a positive development for the Zim economy going forward as the event managed to put Zimbabwe on the investments limelight He added that most Zim Diasporans like himself were happy with the event which was a good networking platform for business leaders where perceptions were also cleared about the state of the economy and investments opportunities exposed.

Meanwhile The R500 million revolving fund for Zimbabwe pledged by South Africa in 2010 has been operationalised following meetings between the two countries last week. Economic Planning and Investment Promotion permanent secretary Desire Sibanda said this was made possible by the ratification of the bilateral investment promotion and protection agreement (BIPPA) between the countries last year.

Zimbabwe had been failing to attract adequate foreign direct investments (FDI)due to high-country risk and had recorded a sharp decline compared to other countries in the region.

The two-day investment and trade conference was attended by at least 800 people — both local and foreign investors.

Post published in: Business

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