President officially opens ICDA in Victoria Falls

Gift Mashoko

President Emmerson Mnangagwa has today officially opened the International Chromium Development Association (ICDA) Conference in Victoria Falls.

Addressing delegates at the conference, President Mnangagwa said Government is putting in place reforms to ensure that the country remains in a safe environment for investment.

“Government is continuously implementing reforms to ensure the country remains a safe environment for investment and all investors are free to repatriate dividends because my administration has liberalised the environment by removing restrictions.

“Investors are also free to choose their preferred partners locally on mutual agreement. Zimbabwe’s chromium sector is open for investment, capital injection and is available to any investor. I therefore invite you to the chromium sector in Zimbabwe,” said President Mnangagwa.

President Mnangagwa highlighted that Zimbabwe is well placed in the African continent and that investors should take advantage of this and also that Zimbabwe has vast natural resources important in the country’s Gross Domestic Product (GDP).

“Zimbabwe has vast natural resources and development of mining will be given great attention in the country’s development agenda because of its critical importance to the national GDP.

“Investors can leverage on the country’s landlocked geographical location for greater participation in the value chain as the country is actually land-linked to the sea, a location which makes Zimbabwe key for investment,” he said.

Speaking at the same event Minister of Mines and Mining Development Winston Chitando said the ‘use it or lose it’ principle is there to deal with those that are not using their mining claims. He said that Zimbabwe is looking for investors in the mining sector and assured that their investments will be safe in Zimbabwe. He also assured that Government is committed as it will provide the necessary requirements to support mining investments.

Zimbabwe is for the first time hosting the International Chromium Development Association (ICDA) Conference in Victoria Falls which is running from 7 to 9 May 2019. President Mnangagwa is the first in the Organisations history to attend and preside over as the Head of State.

The event is marking ICDA’s 35th Anniversary, with high profile delegates from the world chromium industry value chain. The conference seeks to deliberate on how the chromium industry can contribute to the Zimbabwean economy.