Finance Minister kicks off global investment roadshow

Harare, (New Ziana) – Finance and Economic Development, Professor Mthuli Ncube on Wednesday kicked of a global roadshow to market the country as a fertile investment destination following reforms government has undertaken to improve the economic environment.

Dubbed the Zimbabwe Global Investment Roadshow, the initiative that began with a meeting with investors in Cape Town South Africa, will see a high profile team led by Prof Ncube invade global capital powerhouses in Europe and the United States.

“The Global Roadshow is aimed at positioning Zimbabwe as an economy and attractive investment destination in recovery,” Prof Ncube tweeted.

“The positive outlook on economic performance for 2021, on the back of successful economic reforms and good rainfall season, etc, speaks strongly to recovery.”

Zimbabwe is expecting record maize and tobacco production this year which is expected to aid economic growth, expected at 7.4 percent.

Prof Ncube said the Victoria Falls Stock Exchange (VFEX) will be one of the marketing points for the country.

“In the Global Investor Roadshow, we positioned the Victoria Falls Stock Exchange as an attractive platform for investors aiming to raise capital in hard currency for investment into Zimbabwe and Africa in general,” he said.

“Government will also issue bonds on VFEX to raise capital.”

In Cape Town, Prof Ncube met a team from Allan Gray, one of the largest portfolio investors into Zimbabwe and African markets.

Zimbabwe’s image has for years been battered by negative international media coverage of the country largely due to political differences between Harare and major western powers.

Combined with United States sanctions, the country has resultantly struggled to attract meaningful foreign investment in the past two decades under late President Robert Mugabe’s reign.

But the new administration, led by President Emmerson Mnangagwa has sought to reverse this.
New Ziana