ED Invites Private Sector For Infrastructure Revamp

President Emmerson Mnangagwa says his administration welcomes private sector partners who are willing to help on government’s drive to improve infrastructure and the rehabilitation programme in the country.

He was speaking at State House while addressing a business meeting with the European House Ambrosetti, an Italian based professional group whose influence has been growing significantly globally since its inception in 1965.

The team was led by executive director Mr Pietro Francesco Mininni who was with 25 chief executive officers plus others to explore business opportunities in Zimbabwe.

Zimbabwe business leaders from various sectors such as mining, energy and manufacturing attended the event with others following virtually at the President’s Munhumutapa offices.

The Zanu Pf First Secretary said private sector organizations were free to join the Government initiative to rehabilitate infrastructure across the country.

“Private sector players are invited to partner Government in the expansion and modernization of various infrastructure such as roads, rail, airports, industrial parks, power generation, dam construction, housing and water reticulation among others.

In Southern Africa, Zimbabwe is strategically positioned as a gateway along the North-South Corridor into the entire African market. Hence logistics, hubs and warehousing facilities can be considered,” said Mnangagwa.

The President yesterday told the Italian business delegation representing 30 companies that they were welcome to  come and invest in Zimbabwe because of various investment opportunities which he said were available in the country.

“There is no better time to invest and do business in Zimbabwe than now. I therefore invite you to come to our country and take advantage of the various investment opportunities that are available.

I assure you that every effort will be made to respond to enquiries and concerns in the spirit of the Second Republic’s culture of dialogue, engagement and re-engagement,” said ED.

He went further and gave assurance to those who want to invest in Zimbabwe pledging that his government was creating a favorable environment for business to  thrive.

“My Government is implementing sound macro-economic policies anchored on strong policy support, fiscal consolidation, stable prices and provision of a conducive tax environment.

Over and above this, my administration has instituted health and safety protocols as well as rolled out the national Covid-19 vaccination programme in order to protect the health and lives of citizens. This will also allow us to fully open up the economy for uninterrupted economic activities,” he said.

Furthermore the Zanu Pf President also welcomed investors to explore mining activities in Zimbabwe.

“Investors are welcome in the areas of exploration, mining, beneficiation, value addition, smelting and refining of minerals. Tax incentives on capital expenditure for exploration, development and operations are equally available,” he said.

Earlier on several Cabinet ministers made presentations to the delegation outlining areas that were open for business in sectors under their portfolios.

Meanwhile President Mnangagwa’s  administration says it is targeting to attain an upper middle income economy by 2030 whereby its infrastructure would have met global standards, however roads, rail, airports, housing and water reticulation are some of the key areas that the government needs to address in order to attain it’s ambitious vision 2030 agenda.


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *