In­vestors com­plain of for­eign af­fairs min­istry

Observer on Saturday - - News -

In­vestors are said to be opt­ing to in­vest in other coun­tries be­cause the min­istry of for­eign af­fairs and in­ter­na­tional co­op­er­a­tion does not take care of them.

This con­cern was raised by San­dleni MP James Sime­lane, who was chair­ing the de­bate of the for­eign af­fairs min­istry’s port­fo­lio com­mit­tee. Sime­lane said he once met a cer­tain in­vestor, who was run­ning one of the busi­nesses in Mat­sapha.

The busi­ness­man com­plained about the man­ner in which the for­eign af­fairs min­istry was do­ing things.

“The min­istry is said to be good in en­tic­ing for­eign in­vestors to start busi­nesses in this coun­try. The prob­lem, ac­cord­ing to the in­vestors, is that once they are in the coun­try, they are not be­ing taken care of by the min­istry.

We need to know why this is hap­pen­ing,” Sime­lane said.

The San­dleni MP said this was neg­a­tively af­fect­ing the coun­try be­cause some of these in­vestors were mov­ing to other coun­tries such as Botswana, South Africa, and Le­sotho.


Those coun­tries are said to be tak­ing care of in­vestors be­cause they un­der­stand their role in im­prov­ing their economies.

In re­sponse, Gamedze said it was true that the min­istry of for­eign af­fairs and in­ter­na­tional co­op­er­a­tion con­trib­uted in bring­ing for­eign in­vestors into the coun­try. “For­eign di­rect in­vestors are brought by His Majesty King Mswati III. It hap­pens that in most cases, we are present when he does that. There are many min­istries in­volved when in­vestors are in the coun­try,” Gamedze said.

Gamedze also men­tioned that there were busi­ness peo­ple who were in­ter­ested in in­vest­ing in the coun­try.

The busi­ness peo­ple were from Wash­ing­ton DC in the United States of Amer­ica and from the Repub­lic of China on Tai­wan. The busi­ness peo­ple were in­ter­ested in in­vest­ing in re­new­able en­ergy and phar­ma­ceu­ti­cal prod­ucts.

He said the time had come for the coun­try to en­tice in­vestors from other in­dus­tries be­cause the tex­tile in­dus­try was be­com­ing sat­u­rated. It had em­ployed more than 20 000 peo­ple in the coun­try.

If they de­cide to in­vest in the coun­try, it would be up to other min­istries to en­sure that they even­tu­ally stay.

He fur­ther thanked govern­ment for push­ing the spe­cial eco­nomic zones leg­is­la­tion be­cause it would im­prove con­di­tions that would make the in­vestors stay longer in the coun­try.

The min­is­ter made an ex­am­ple of Mau­ri­tius, say­ing the coun­try was de­vel­op­ing eco­nom­i­cally be­cause it had made it easy for busi­ness peo­ple to do busi­ness..

WOR­RIED: San­dleni MP James Sime­lane.

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