Greece keeps an eye on country’s economy

Greece is watching Zimbabwe with keen interest, with a view to investing in the Southern African country, the Greek ambassador to Zimbabwe, Leonidas Contovounesios, has said.

“Investors are very sensitive and they need to know what is in front of them before they take any step.” – Leonidas Contovounesios.
“Investors are very sensitive and they need to know what is in front of them before they take any step.” – Leonidas Contovounesios.

In an exclusive interview with The Zimbabwean, Contovounesios said that it was too early to judge Zimbabwe’s economic performance after last year’s elections, but he remained hopeful Zimbabwe would implement policies that would stimulate economic growth while attracting foreign investment.

“We have a lot of serious intentions but we will make decisions based on events obtaining on the ground. At the moment, it’s too early to judge, but we will wait to see how things go before we can take decisions,” said Contovounesios.

He expressed skepticism, however, about Zanu (PF)’s economic blueprint for the next five years, the ZimAsset, which he said was “questionable”.

Contovounesios said Zimbabwe’s indigenisation policy was the biggest obstacle to investors from his country wishing to invest in Zimbabwe.

“They fear they are going to lose their money if they invest here so they need to be convinced first that their investments are going to be safe in Zimbabwe. Investors are very sensitive and they need to know what is in front of them before they take any step,” said Contovounesios.

He implored Zimbabwe to continue with efforts to fight corruption, which has been blamed by analysts for the country’s economic meltdown over the last decade.

Last month, the EU ambassador to Zimbabwe, Aldo Dell’ Ariccia, told The Zimbabwean that declarations by the Zanu (PF) government on zero tolerance of corruption were welcome, but said there was need for action on the ground to bring the culprits to book.

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