London hosts Zim investment forum

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HARARE – London, the United Kingdom capital, will this week host a key high level investment forum on Zimbabwe as the  country forges ahead with its drive to attract capital into the economy.

Dubbed, Zimdaba London 2018, the conference, to be attended by key  economic Ministers, has been over-subscribed by interested fund  managers, according to one of the organizers.

The new Zimbabwean administration, led by President Emmerson Mnangagwa  has opened its arms to the world under its “Zimbabwe is open for  business” theme which seeks to ratchet foreign investment.

In the past two decades, the country had seen a dearth in FDI, becoming  one of the least recipients in the region due to strained  relations with the west and policy discord.

The world appears to be warming up to the new Zimbabwean new  administration.

The conference, which will be held on 15 and 16 March, is organised by  Consolidated African Services (CAS) Ltd, a Zimbabwe and UK based  multi-sectoral company.

CAS principal director (UK) Nicholas Holmesaid said the indaba was “a  unique opportunity for investors, business sector leaders, and foreign  affairs specialists to hear the new Zimbabwe government articulate their  plans for re-engagement with the global business  community.”

Some of the top government officials expected to participate at the  conference include Ozias Hove from the Office of the President &  Cabinet, who will be heading the delegation, Deputy Minister of Finance  and Economic Development, Terence Mukupe, Industry, Commerce  and Enterprise Development Minister, Mike Bimha, Mines and Mining  Development Minister, Winston Chitando and Simon Khaya Moyo, the  Minister of Energy and Power Development.

Officials from the Zimbabwe National Chamber of Commerce, Confederation  of Zimbabwe Industries, Zimbabwe Investment Authority  and the Zimbabwe Special Economic Zones Authority will also attend. – New Ziana

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