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‘Zim needs clean investment’

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Prime Minister Morgan Tsvangirai says policy consistency, stability and policy predictability are key ingredients of luring investment.

Speaking at the Sino-African Trade in Services and Investment Forum, in Beijing China yesterday, Tsvangirai who is on an official visit to the Asian country, said there was need for coming up with investment policies that were mutually beneficial to both countries.

“China could play a part — both in present and future relations as we strive to build a strong economy, use market principles with safety nets and targeted policies to promote economic and social justice and to provide jobs and uplift our people,” he said.

“The immediate challenge for any future government in Zimbabwe would be embarking on an aggressive programme of infrastructure rehabilitation, resuscitation of our manufacturing potential and increasing our mining and agricultural productivity.”

He said Zimbabwe was a country of opportunity and growth, but this should be done through “clean investments” that benefited the ordinary citizen.

“I am certain that most of you are in a position to play a part by investing in Africa, particularly in Zimbabwe, on a mutually beneficial basis as we seek to deepen the relations between our two continents,” Tsvangirai said.

He urged the Chinese business people to investment in the country, adding that Zimbabwe was the new place to do business, “not as junior partners, but in mutually beneficial partnerships that benefit the people of our countries”.

He said the country remained a destination of choice for investment despite it being dogged by toxic politics.

“We have many opportunities in mining, agriculture, tourism and manufacturing and our quest to attract investment has been affected by the way in which sections of our inclusive government have gone about implementing measures to promote the participation of our previously disadvantaged citizens in the mainstream economy,” the PM said.

Tsvangirai said the challenge for Zimbabwe, as in many African countries, remained poor infrastructure, mixed messages over the participation of citizens, poor liquidity and limited fiscal space.

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