Zim needs more Dangotes

HARARE - Africa's richest man, Aliko Dangote’s choice of investing in Zimbabwe became the most trending story of the past week.

For a country that is in the throes of a moribund economy teetering on the brink of slipping into a dysfunctional state, it is expected that visits such as the one by Dangote last week, should generate optimism.

Why?

Dangote is valued at $17,2 billion by the influential Forbes Magazine and has many interests across Africa where his conglomerate is involved in big projects.

The Nigerian mogul was here last week not to look for opportunities but to reaffirm his commitment to his areas of investment which include mining, energy and construction.

His visit, therefore, is seen as a harbinger of things to come — a deluge of investments!

But what all the cheerleaders of Dangote are failing to understand is that all this grandstanding counts for nothing as long as Zimbabwe has politicians who purse narrow and selfish interests which are to the detriment of the economy.

Zanu PF’s penchant for the self destruct button, which is clearly underlined by senseless internal fights, militate against technocrats such as the central bank governor — John Mangudya and those at the Finance ministry — who have been scouring the length and breadth of Europe and Asia in bids to lure investors.

There are many Dangotes out there who are willing to do business with Zimbabwe as long as their investments are secured and there is stability.

The Russians, French, British, Danes and Chinese are keen to invest in Zimbabwe but they remain frustrated by the unending fissures in Zanu PF which are located in the messy unresolved succession issue.

It would be wrong to celebrate the investment by Dangote without reminding President Robert Mugabe and his colleagues in Zanu PF that it is them who need to lead the way in unlocking investment by behaving orderly and peacefully.

As long as there is infighting, efforts to rejuvenate the economy will come to naught.

No one would like to invest in an environment fraught with the unpredictable and in Zimbabwe’s case; we have gained notoriety for not respecting investors’ rights.

It’s time Mugabe and Zanu PF walk the talk and show cause why Zimbabwe should be the preferred choice for investors.

Otherwise we will have only Dangote investing yet there are many out there with cash burning their holes looking for the right climate and stability.

 

Comments (5)

Is Dangote interested in Zimbabwe or is he just joining in the looting!?

Wilbert Mukori - 7 September 2015

Not aliko dangote nor the Chinese will change the economy but little things like allowing children to grow hair in schools which will increase hair products sales.changes In ruling parties which will create economical change competitions.allowing children to wear clothes in school which will increAse cloth sales and manufacturing.reducing war veterans beneficiaries because that's were all the money is going.making use of the juvenile boys to build countries infrastructure .we have the potential of raisin our economy on our own yet we are only reviving investment opportunities for foreigners

dummy r - 7 September 2015

Dummy r has good points

efnort - 7 September 2015

Every Zim paper yangove Dan gote. I read when he came to Zim he had to go from office to office because everyone wanted a selfie with "the richest man from Africa." Ministers, Vice Presidents , circling till he was brought to Chandagwinyira`s office at Munhumutapa Building. These ministers, VPs and Chanda himself are dying to be pictured in newspapers on articles telling about what they know very well is the wish of Zimbabweans. But in their desperation for such pictures they actually scare away true investors. True investors are not interested in hoping from office to office posing for pictures with dumb minsters and presidents. They are interested in knowing what is there laid down in black and white lest they throw their money to crocs.

Masamba Akareyo - Tanganda - 8 September 2015

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