‘Pres Mnangagwa’s creative leadership lessened effects of sanctions’

Speaking at the side lines of the ground breaking ceremony of the Dinson Iron and Steel Company (DISCO) Plant in Manhize yesterday, the ZANU PF spokesman, Cde Christopher Mutsvangwa said Zimbabwe’s policy of being a friend to all and an enemy to none has created a flat ground and caused investors to flock into the country seeking investment opportunities.

 “With Zimbabwe’s policy of being a friend to all and enemy to none, we have created a flat ground where competitors from various corners of the world can come to Zimbabwe. Since we have an avalanche of resources which are world class like the ones you are noticing here at Manhize, there is competition by players in the global market who are willing to come in to ply their trades in Zimbabwe.

“The effects of sanctions are being lessened by two aspects. A more competitive and diverse global capital market and more creative leadership within Zimbabwe by President Mnangagwa who is laying out a red carpet to competent companies across the globe to come to Zimbabwe,” said Cde Mutsvangwa.

The Second Republic through the leadership of President Mnangagwa has also attracted the attention of Mulk International. The United Arab Emirates (UAE) based company is also constructing a US$500 million mixed-use hi-tech park on the outskirts of Harare.

Another potential game changer is the gas and oil explorations that are currently taking place in the Muzarabani basin. The explorations are being carried out by an Australian based company, Invictus Energy. The commercial extraction of oil and gas is expected to positively transform the Muzarabani area and the ripple effects would be felt across the country.

Zimbabwe and China relationship has also continued to grow resulting in the later funding and implementing several projects such as the New Parliament building in Mt Hampden, Robert Gabriel Mugabe International Airport and Hwange Power Expansion Plants seven and eight.

Meanwhile, despite the illegal sanctions imposed on the country by the West, Zimbabwe’s economy registered a gross domestic product (GDP) growth rate of 5, 85 % in 2021. This was an addition to the 12, 1 % realised in 2020. According to Trading Economics, global macro models and analysts expectations are that Zimbabwe will reach a GDP of US$23, 50 billion by the end of 2022.