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International investors rush into Zimbabwe
By Ernest Mupataweshuro
HARARE (ZimEye)– International Investors have set their eyes on Zimbabwe and begun to return to the once torn out country following the signing of the recent political deal between Zimbabwe’s main political parties, the Confederation of Zimbabwe Industries (CZI) has reported.
The CZI said it was, for example, meeting a potential investor on Wednesday who was looking to invest more than US$200 million in the country that had one of Africa’s best economies before a nine-year recession that critics blame on repression and wrong policies by President Robert Mugabe’s government.
“There is so much excitement and enthusiasm brought about by the signing of the political agreement,” said Callisto Jokonya, president of the CZI that is considered the voice of business in Zimbabwe.
“We are meeting an interested party who has over US$200 million to invest in Zimbabwe projects. We will be meeting today (Wednesday),” said Jokonya, who was speaking to journalists in Harare.
Despite the prevailing controversy about whether real political change has come in Zimbabwe, the CZI has declared sudden optimism after the recent deal signed between President Robert Mugabe, and his rivals Morgan Tsvangirai, and Arthur Mutambara. The CZI has said that a huge influx of investors is expected in Zimbabwe over the next few months. However, analysts still say that it is too early to judge the situation and that international community should wait for the Cabinet posts allocation process before making reliable conclusions.
