Zim courts German investors
GERMAN investors are welcome to take advantage of the multiple incentives designed to ensure easy entry of foreign capital into Zimbabwe, Foreign Affairs and International Trade Minister Ambassador Frederick Shava has said.
Speaking to prospective investors at a luncheon in Berlin, Germany, on Friday, Ambassador Shava said reforms being instituted by the Second Republic have improved Zimbabwe’s standing as an attractive investment destination.
“Zimbabwe has introduced a number of economic reforms aimed at improving the investment climate in Zimbabwe.
“The Government established the Zimbabwe Investment Development Agency (ZIDA), which is a One-Stop Investment Services Centre for investment approvals and promotion. ZIDA is there to ensure that investors like yourselves coming to Zimbabwe are offered services quickly and efficiently,” said Ambassador Shava.
He said there are many options for those interested in growing their capital in Zimbabwe.
“Investors have a choice of investing through the various categories of investments, which include Public Private Partnerships (PPPs), Special Economic Zones (SEZs), or General Investments
categories. In addition, many categories are accompanied by incentives that include tax exemptions, rebate on imports and investor facilitation services, among other incentives,” the minister said.
Ambassador Shava said Government is willing to consider project proposals from interested firms and individuals.
Businesspeople who attended the meeting were upbeat about the opportunities in Zimbabwe.
Mr Kumbirai Chipadza, chief executive of Deutsch Connect, a company which creates market linkages between Zimbabwe and Germany, said: “The business players who attended were happy with the presentation from the minister as well as the role the embassy is assisting,”
Ambassador Shava was accompanied by officials from the Industrial Development Corporation and ZimTrade, who shared specific opportunity points with attendees.
German companies and organisations in attendance included Exponential Germany, FB Waste Recycling, PÖMA, BWA and Sino-Germany Hi-Tech Park.
Zimbabwean horticulture produce is in demand in that market while engineering from the European country is heavily used in the local mining industry.