DPM Mutambara courts foreign investors

DPM Mutambara said this in a meeting with Chinese Deputy President Mr Xi Jinping. The two met when the DPM visited China recently for the World Investment Forum, organised by the United Nations Conference for Trade and Development.

He said since the formation of the inclusive Government in February 2009, the country’s political and economic situation had improved, making it conducive for investment.
He stressed that Zimbabwe was not looking for aid or handouts from the international community but fair investment that benefits the national economy.
“Following the formation of the inclusive Government, Zimbabwe has opened a lot of investment opportunities for foreign direct investment.
“Investors should take advantage of investment opportunities in various fields such as mining, agriculture and finance, among other areas.

“China has a lot of money that is flowing into the country but the money is coming through Western financial institutions like Barclays and Standard Chartered Bank and we are saying this money should come through our local financial institutions.”

DPM Mutambara also met China’s PM Wen Jiabao in Tianjin on the sidelines of the World Economic Forum, which was held under the theme “Driving Growth through Sustainability”.
The DPM said he also used the opportunity to underscore the importance of science and technology to development.
He said he learnt several lessons from China’s massive economy.

“From the Chinese experience, I discovered that it is important that as a nation we should be focused and disciplined.
“China as a country with a population over one billion is managing to build its economy on this basis.
“China is now a respected country in the world particularly by Western powers because of its achievements.
“They don’t allow Western countries to push them or to influence their policies and we must also succeed as African economies for the world to take us seriously,” he said.

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