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Image stifling investment attraction


Industry and Commerce minister Welshman Ncube says the country’s tainted image is stifling efforts to lure much-needed foreign direct investment, seen as key in spurring the stuttering economic recovery.

Ncube who was addressing party delegates at the just-ended third MDC congress at the weekend said if elected into government the party would work with all international partners “for the good of the country”.

“The continued perceived high- risk perception of the country is not good for investment,” said Ncube.

“We shall work with international partners, be it from the West or East. We harbour no ill against any country in the world. We will extend our hand to all countries in pursuit of national progression, especially those that want to work for the good of the country.

“We will not be enemies to any country. We reject foreigners who want to tell us who should govern the country at any given time.”

The minister said partners in the Global Political Agreement (GPA) should call for the lifting of sanctions in order to facilitate the speedy recovery of the economy.

He said Zanu PF continues to hide behind the issue of sanctions, hindering the pace of economic recovery.

Ncube paid tribute to China, Iran and Scandinavian countries for their continued support to the country.

According to the 2010 corruption index published by Transparency International, Zimbabwe was ranked 134 out of the 178 polled countries.

Transparency International said in order for Zimbabwe to improve its global standings, the country’s leadership would have to integrate anti-corruption measures in all sectors.

Speaking in an interview last week before his ascendency to the presidency of the MDC, Ncube said he would continue to push the inclusive government to deliver on the economy.

“We will have to ensure that the GPA is fully implemented with a new constitution, electoral reforms and governance reforms that will make sure that the will of the people is not distorted. This also includes developing the economy. It is only a truly free people, economically free, who can exercise free choice in elections,” he said.

The Employers’ Confederation of Zimbabwe, a national grouping of private business leaders in September last year appealed to principals in the inclusive government to put a five-year moratorium on holding elections in order to consolidate economic recovery and maintain stability in the country.

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