Pres­i­dent meets in­vestors

Chronicle (Zimbabwe) - - Front Page - Felex Share Harare Bureau

PRES­I­DENT Mnan­gagwa yes­ter­day met of­fi­cials from Pri­vate In­vestors for Africa (PIA), a coali­tion of in­vestors who in­clude Coca-Cola, Heineken, La­fargeHol­cim, MasterCard, Stan­dard Bank and Syn­genta, who ex­pressed sat­is­fac­tion with the eco­nomic re­forms be­ing un­der­taken by Govern­ment.

PIA, which is head­quar­tered in Bel­gium, is a busi­ness coali­tion of pri­vate sec­tor com­pa­nies.

Speak­ing af­ter meet­ing Pres­i­dent Mnan­gagwa, PIA chair­per­son and Stan­dard Bank Group chief ex­ec­u­tive for African re­gions Mrs Sola DavidBorha said they were in the coun­try to get an in-depth un­der­stand­ing of re­forms tak­ing place in Zim­babwe.

“This is a visit to un­der­stand the changes that have taken place re­cently in the coun­try,” she said. “We want to bet­ter un­der­stand the on­go­ing re­forms so that we can take this in­side in­for­ma­tion to our boards, fo­rums which re­quire in­for­ma­tion be­fore mak­ing a busi­ness case to in­vest. That is why this visit is so im­por­tant.”

The del­e­ga­tion met of­fi­cials from var­i­ous Govern­ment Min­istries and the Re­serve Bank of Zim­babwe.

Mrs David-Borha said their fo­cus was on as­sist­ing Zim­babwe to grow its econ­omy.

“We are a busi­ness coali­tion of pri­vate sec­tor com­pa­nies that be­lieve that the pri­vate sec­tor is crit­i­cal for growth in any Govern­ment,” she said. “We part­ner with the pub­lic sec­tor with a view to driv­ing growth, en­abling job cre­ation and eco­nomic ac­tiv­ity.

“We are in Zim­babwe and most of our mem­bers have been here for many years. We are com­mit­ted to Zim­babwe and ex­cited about the on­go­ing re­forms. We be­lieve that the bud­get to­day (yes­ter­day) will be in line with ex­pec­ta­tion of fis­cal con­sol­i­da­tion.

“We want to con­tinue to part­ner with the coun­try and con­tinue to in­vest in Zim­babwe. That was the mes­sage we brought to His Ex­cel­lency.”

Mrs David-Borha said Pres­i­dent Mnan­gagwa ex­plained to them the plans Govern­ment had for eco­nomic growth.

Zim­babwe is wit­ness­ing gamechang­ing in­vest­ment pro­pos­als, with com­pa­nies from formerly hos­tile coun­tries scout­ing for busi­ness op­por­tu­ni­ties.

This, ob­servers say, sig­nals pos­i­tive re­sults from the re-en­gage­ment pro­cesses which is be­ing spear­headed by Pres­i­dent Mnan­gagwa.

Zim­babwe in­tends to be a mid­dle in­come econ­omy by 2030 and is work­ing on re­viv­ing in­dus­tries around the coun­try.

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