FDI

Diasporans take second look at Zim

From NewsDay BY MTHANDAZO NYONI BUSINESS people, companies and investment funds around the world are taking a “second look” at Zimbabwe, with a view of bringing in fresh investment into the country following the recent ouster of Robert Mugabe as President, an official has said. Comfort Creek Land Developers chief executive officer and head of the Zimbabwean Diaspora Network in North America, Pedzi Makumbe, told NewsDay that people in the diaspora were excited about the new developments in the country. “I asked for input (views of diasporans on the new...
Investment

ZIA approves $1bn projects in 10 months

From News Day by MTHANDAZO NYONI THE Zimbabwe Investment Authority (ZIA) approved projects worth $1,03 billion in 10 months of the year, up 55% from the comparable period last year, latest statistics have shown. Data gathered from ZIA indicated that from January to October this year Zimbabwe approved projects worth $1,03 billion compared to $666 million recorded last year. However, these are just investment projects approved and not implemented. The projects are forecast to create 7 888 jobs and about $57,1 million in export earnings. According to the figures, $567...
Economy

Four things Zimbabwe can do to recover from the Mugabe era

News24 Admos Chimhowu, University of Manchester Long in coming but swift and relatively painless when it happened, the downfall of Robert Mugabe offers Zimbabwe a once-in-a-generation opportunity to recalibrate its hitherto dire trajectory. The transition comes with myriad challenges and opportunities, the handling of which will ultimately determine what direction the country takes. Here are four key ways that the new president, Emmerson Mnangagwa, can get it right. 1. Strike a new political settlement The lesson of Zimbabwe’s past 20 years is that a toxic political environment is a severe impediment to the...
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