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Zim host Euromoney conference

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The second Euromoney Zimbabwe Investment Conference begins in Harare on Wednesday as the search for much-needed foreign direct investments into the country continues.

The event comes just weeks after the country held an investment and trade conference in Johannesburg, South Africa where at least 800 investors attended the conference to understand the Zimbabwean investment enviroment.

Senior government officials, business leaders and organisations are expected to grace the occasion.
Economic Planning and Investment Promotion secretary, Desire Sibanda said trade and investment policy dialogues were important for countries.

“Whether elections are held today or tomorrow we still need investment,” said Sibanda. “Our job is to promote investment into the country.”

Sibanda said the ministry will talk to investors from a purely economic point of view.

The event is being hosted by the Ministry of Economic Planning and Investment Promotion and Ministry of Finance.

At least 800 people are expected to attend the event that would also assist investors with the country’s economic blue prints including the Medium Term Plan (MTP).

Zimbabwe hosted its first euromoney conference last year.

The country last year held a similar conference where Sibanda said they were able to explain to investors that the country was ready for Foreign Direct Investment (FDI).

According to the United Nations Conference on Trade and Development (Unctad) report, FDI inflows amounted to $250million last year compared to $105 million in 2010.

Euromoney conferences director Christopher Garnett, Emerging capital partners chief investment officer managing director, Andrew Brown, founding partner African century Jonathan Chenevix Trench, Institute of Directors UK chief economist and director Graeme Leach, AICO Africa group chief executive officer Patrick Devenish, World Bank Zimbabwe senior country economist, African Development Bank resident representative Mahamudu Bawumia are expected to address at the event.

At previous foras investors have expressed their interest in investing in the country but say they were being deterred by the indigenisation policy and mixed signals from the country’s political leaders.

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