Mnangagwa deals latest: Zimbabwe realises $11 billion investment commitments in 4 months

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Zimbabwe has realised investment commitments worth $11 billion in the last four months attributed to serious engagements that the new dispensation is embarking on.

The Zimbabwe is open for business mantra is paying dividends coupled with the scrapping of the Indigenisation and Economic Empowerment Act in some sectors of the economy.

President Emmerson Mnangagwa and his cabinet adopted the Zimbabwe is open for business mantra as a way of attracting foreign direct investment (FDI) and meetings have been carried out across the globe.

Addressing congregates at the Centre Zimbabwe Africa Church in Shamva, President Mnangagwa said investment commitments have hit $11 billion for the last four months.

“For the past four months, we have been discussing and realised that investment commitments have passed $11 billion as companies are angling themselves for mutual benefit. The figures are too high as we have never reached such numbers previously,” he said.

Cde Mnangagwa also highlighted that support from other countries is immense to set up a vibrant irrigation system across the country to ensure food security.

“We are building dams and making sure that where there is water there is a vibrant irrigation system. We are receiving support from countries such as Spain, China, Brazil and India among others for irrigation equipment,” said President Mnangagwa.

Zimbabwe’s FDI has been tumbling in the last decade recording $400 million in 2016.

Within the shortest period under the new dispensation, government has realised investments of over $11 billion which shows the seriousness attached by the Mnangagwa led administration towards the growth of the economy and improving the population’s livelihoods in general.

– ZBC


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