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President Mugabe woos foreign investors

PRESIDENT Mugabe has urged foreign investors to take advantage of limitless opportunities in Zimbabwe’s economic sectors where they are guaranteed of getting the highest return on their investment.  Cde Mugabe said there were boundless opportunities in the country’s agro-processing, mining, manufacturing and tourism sectors. He said such opportunities were also available in other African countries. “The African continent, Zimbabwe in particular, offers an array of limitless opportunities in terms of the investment potential in the agro-processing, mining development, manufacturing, tourism and the infrastructural areas of power, water, roads, rail, air, telecommunications and information communication technology. “You are invited to participate and add value to developments in these sectors,” said Cde Mugabe.

The birth of the Smart Partnership Dialogue process in Malaysia in 1995 has unlocked an opportunity for co-operation . this is aimed at finding solutions to problems in regional economic communities such as Sadc, Comesa, the East African Community (EAC) and ASEAN bloc. The central, eastern, and southern Africa have a combined population of almost 600 million and a Gross Domestic Product of US$900 billion.

The smart partnership dialogues were  held to enhance public, private, academia, civil society and labour sector partnerships. The dialogues have encouraged the “win-win” and “prosper thy neighbour” philosophy. This gave unparalleled opportunities for political leaders, labour, business, media, civil society, academia and youths to meet and share ideas without due regard to one’s position.  The phenomenal achievements and socio-economic transformation realised by Malaysia clearly epitomises the Smart Partnership spirit and principles. In Zimbabwe, the National Economic Consultative Forum had become an important institution in the development and implementation of policy.

Failure to deal decisively with the issue of innovative financing to support and aid the growth of small to medium scale enterprises, especially in rural areas is a challenge.  Malaysia was looking at strengthening trade relations particularly with African countries.  Focus would be placed on transferring intensive technology to countries with less capital but plenty of labour. There was a call on countries to be innovative in the face of globalisation.

“Innovative countries have developed a competitive edge over those that wait to follow what others have done.


Categories: General
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