Articles tagged 'foreign direct investment'

'Zim requires massive direct investment' 5 December 2018 HARARE - President Emmerson Mnangagwa says Zimbabwe requires massive foreign direct investment to achieve its transformation agenda that will see the country achieving a middle-income status by 2030. “National wealth is only created when national resources are gainfully exploited through a pro...
Zim receives $400m in FDI 6 June 2018 HARARE - Zimbabwe has in the past few months received over $400 million in foreign direct investment and the country has potential to rake in billions of dollars, a top economist has said. Neville Mandimika, an economist at South Africa’s Rand Merchant Bank, said local markets have been buoyed...
Mining sector seeks $5bn 25 November 2016 HARARE - Zimbabwe's struggling mining industry requires at least $5 billion to revive its waning fortunes, the country’s Chamber of Mines has said. The mining group’s chief executive, Isaac Kwesu, on Wednesday told a news conference in the capital that the industry was failing to attract new i...
Zhuwao, Chinamasa agree on indigenisation 5 January 2016 HARARE - President Robert Mugabe's Cabinet ministers yesterday agreed on the implementation of the Indigenisation Act in a move aimed at clarifying the controversial policy to attract foreign investors. Finance minister Patrick Chinamasa and Indigenisation minister Patrick Zhuwao — who have be...
Zhuwao, Chinamasa brawl over indigenisation laws 27 December 2015 HARARE - Damaging discord has once again emerged in President Robert Mugabe's Cabinet, with two ministers Patrick Chinamasa and Patrick Zhuwao reading from entirely different scripts on the country's contentious indigenisation framework. So wide has the gulf between the two bigwigs become that...
Zim to clarify indigenisation policy 11 December 2015 HARARE - Zimbabwe is working on announcing and gazetting the Indigenisation Law’s updated framework templates and procedures aimed at clarifying the controversial policy, a Cabinet minister has said. Indigenisation and Empowerment minister Patrick Zhuwao said the new frameworks are meant at br...
Mugabe runs out of ideas 15 September 2015 HARARE - Economic and political experts have lashed President Robert Mugabe's surprising decision last week to expand his already bloated Cabinet, describing the move as strange, wasteful and guaranteed to worsen the country's escalating economic meltdown. Speaking to the Daily News yesterday,...
Mugabe panics 3 September 2015 HARARE - Faced with the twin threats of a collapsing economy and mass unrests, President Robert Mugabe is being forced by the dire economic situation in the country to embark on a cocktail of reforms of Zimbabwe's “medieval” investment terrain, in a desperate bid to stimulate both local and forei...
Mugabe call encouraging but… 12 August 2015 HARARE - President Robert Mugabe's encouraging statement on respecting investor rights should not be allowed to stop with the full stop on the paper on which his Heroes Day speech was written on! It's significant that Mugabe, who is seen as a stumbling block to attracting investment into Zimba...
Sad reality about Zim FDI stats 30 June 2015 HARARE - Zimbabwe’s foreign direct investment (FDI) figures do not necessarily translate into instant improved economic conditions, authorities say. Richard Mbaiwa, Zimbabwe Investment Authority (Zia) chief executive, said not all approved projects will see the light of day for various reasons...
Zim engages Germany over $740m debt 25 March 2015 HARARE - Zimbabwe is engaging Germany to settle a $739 million debt owed to the European country, a move meant to thaw frosty relations and pave way for Foreign Direct Investment (FDI). Finance minister Patrick Chinamasa yesterday met visiting German director for sub-Saharan Africa and Sahel r...
Zim FDI slumps further: Report 23 March 2015 HARARE - Foreign Direct Investment (FDI) in Zimbabwe declined from $400 million in 2013 to $372,6 million last year, as investors continue to shun the country amid a worsening economic crisis. According to the Reserve Bank of Zimbabwe (RBZ) statistics released this week, the depressed FDI has ...
Zim FDI plummets 53pc 5 December 2014 HARARE - Zimbabwe's foreign direct investment (FDI) inflows plummeted by 53 percent to $146, 6 million in the 10 months to October 2014 compared to $311, 3 million recorded in the same period last year. Finance minister Patrick Chinamasa in his 2015 National Budget said the foreign capital inf...
Zim policies hamper FDI: World Bank 9 March 2014 HARARE - Zimbabwe must address its “unwelcoming” policies to attract Foreign Direct Investment (FDI) it desperately needs, the World Bank said. In its latest trade competitiveness report on the southern African country, the regional lender said Zimbabwe’s current investment policies pose a sig...
'Indigenisation dampens economic prospects' 14 January 2014 HARARE - Zimbabwe's indigenisation policy dampens the country’s prospects of attracting the desperately needed foreign direct investment (FDI) and is irreconcilable with employment growth forecasts, says economist John Robertson. This comes as President Robert Mugabe’s administration has maint...
Zim FDI nosedives 10 January 2014 HARARE - The Zimbabwe Investment Authority (ZIA) approved foreign investment projects worth nearly $700 million last year, down from close to $1 billion recorded in 2012. Statistics from the authority revealed that $685 893 756,58 worth of projects went through between January and December 201...
Automated trading may boost FDI: ZSE 11 December 2013 HARARE - The Zimbabwe Stock Exchange (ZSE) says its automated trading system (ATS), expected to function in the first quarter of next year, will augment efforts to attract foreign direct investment (FDI) into the country. This comes as the system is anticipated to boost equities’ daily turnove...
Zim should manage perception: Analysts 11 December 2013 HARARE - Government must develop a national branding strategy aimed at revamping Zimbabwe’s image as part of efforts to attract foreign direct investment (FDI), analysts say. Tafadzwa Matiza, a researcher with the University of Limpopo, says the country must shake off its “bad boy” tag if it i...
Zim a high risk country — Ernst & Young 8 December 2013 HARARE - Zimbabwe is among high risk investment destinations in Africa, a survey by Ernst & Young (EY) has revealed. In its “Africa by numbers: Assessing market attractiveness in Africa” survey, the financial advisory and consultancy firm noted that the southern African country ? still sufferi...