by Tawanda Musariri
The Government of Zimbabwe has assured investors of its support to make their investments flourish. The assurance was given by the Minister of Lands, Agriculture, Water, Climate and Rural Resettlement, Honourable Chief Air Marshall (Rtd) Perrance Shiri during an investment meeting by a South African based investment consortium, Pamwe Capital in Harare recently.
Speaking as Guest of Honour, Honourable Shiri said, “The Government recognises mining, tourism, agriculture and manufacturing industries as key economic sectors with the potential to increasingly contribute to the national economic turnaround of Zimbabwe. These sectors are supported by the energy and transport sectors, which areas are also critical to economic development.”
Pamwe Capital arrived in Harare with a $20 billion investment bounty targeting tourism, agriculture, manufacturing, construction and transport investments.
“Tourism growth in this country is definitely volcanic in nature and like His Excellency the President of the Republic of Zimbabwe said ‘Zimbabwe is ready for the volcanic eruption,” said Minister Shiri.
“One of my key result areas is to guarantee food security in the country. I am looking forward to a more detailed discussion on your Farmer Grower Funding Scheme presentation.
“There are various areas which have untapped opportunities in manufacturing. This is an area earmarked to be a key driver in the economy going into 2030. Government is hard at work looking at ways of capacitating the manufacturing sector. Some of the areas you highlighted are in line with the Industrial Development Policy and Trade Policy as outlined in the Translational Stabilisation Programme. The policies seek to reduce reliance on production and export of raw commodities and instead promote value addition and beneficiation across all sectors of the economy,” emphasized Minister Shiri.
“In this regard Government is paying particular attention to incentivising entrepreneurs to start up in new sectors by covering their risk.
Minister Shiri added that, “The President has often noted that in the second Republic things are done differently. There is a new way of doing business, we are more open, we are willing to listen, and we are here to learn new things and ways of improving the country’s economy. We came out in full force with my colleague Ministers to hear what Pamwe Capital Partners have to offer.
“On behalf of government we would like to applaud Pamwe Capital Partners for taking the initiative to explore opportunities in the different sectors of our economy.”
