Zimbabwe to benefit from Africa Middle East forum

THE forthcoming Africa Middle East Investment Forum presents an opportunity for Zimbabwe and other countries on the continent to enter into strategic partnership and bolster economic ties, it has been learnt.

Report by Business reporter

The investment conference to be held in Dubai under the theme Strengthening investment Ties Through Innovative Partnerships is slated for December 10-11.

It will provide insight into the investment landscape in Africa and Middle East and how momentum for sustainable investment could be achieved.

An official with the summit media partners, South Communications, said several Zimbabwean ministers had already confirmed their participation at the event.

“United Arab Emirates would like to be part of the growth of the African continent. There will be a 24-page special supplement on Zimbabwe that will be released to coincide with the summit highlighting available opportunities,” the official said.

“Harare is a city where you find sophisticated people that work well compared to other African countries. You should advertise the capacity of your workforce. You have the land, natural resources and have the people, but you are starving for capital. UAE is a desert.

They don’t have land or agriculture, but do have a lot of capital, so there is a possible match.”

The summit will also tackle large-scale infrastructure needs on the two continents and how funding, investment and capital market challenges could be addressed.

Other topics entail assessing sectors that would drive growth of cross border investment flows, opportunities in logistics and transportation.

African Development Bank president Donald Kaberuka, director project & export development at Afreximbank John Adomakoh, a member of the Qatar Investment Authority Hussain Ali Al-AQbdulla, among others, are set to address the conference.

2 Responses to Zimbabwe to benefit from Africa Middle East forum

  1. KSM October 24, 2012 at 8:49 am #

    Keep dreaming. With Katsukuviri’s megaphone policies, few will invest in a banana republic like Zimbabwe. Investors can lose their money at the whim of a Zanoid without recource to the courts. Even Bipa agreements have been violated left, right and center.

    • admire musingarabwi October 24, 2012 at 2:36 pm #

      Prophets of Doom, stay away from zim, if you think everything is gloom. Investment will surely come our way and we Zimbabweans will be in control not some Foreigners. Zimbabwe is for Zimbabweans!

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