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PM to Attend Jo’burg Investment Gala

PRIME Minister Morgan Tsvangirai will deliver a keynote address at a business initiative forum gala dinner to be held on July 31 at the Sandton Convention Centre in Johannesburg.

The prime minister is expected to brief delegates on the conditions and merits of investing in a new Zimbabwe at the banquet organised by Mlilo Projects Building and Civil Engineers.

The gala will draw participants from leading companies, business experts, policymakers, fund managers financiers and sectoral investors from all over the world
The indaba will focus primarily on matters to do with the business climate, investment opportunities, and property protection rights.
Zimbabwe’s image as a safe investment destination had been dented by years of dictatorial laws by Robert Mugabe’s government.
The country has been facing condemnation for counterproductive laws, including breaching business protocols as well as policies that scare away potential investors. It has been urged to review laws concerning protection of private sector investments if the country is to get its economy back on track.
Policy experts and economists say there is significant interest in Zimbabwe by investors and the prospects of recovery can only be underpinned by government’s commitment to reforms that attract foreign direct investment and comprehensive international donor funding.
They say massive inflows of capital are crucial to sustainable economic growth, leading to job creation and economic prosperity.
The prime minister last month appealed to Western nations for increased humanitarian support to Zimbabwe and urged them to consider direct aid to the inclusive government.
The government urgently needs about US$8,5 billion to fund reconstruction of the economy and to restore basic services such as health and education.
But so far, it has raised only US$2 billion in credit lines from African countries and institutions, while the US and its Western allies have insisted on reforms first. — Staff Writer.

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