Zimbabwe – Industry and Commerce Minister, Mangaliso Ndlovu, said that the country is enhancing its investment laws to attract more foreign direct investment (FDI).
Welcoming a Japanese business delegation to Zimbabwe, Minister Ndlovu said the country was positioning itself to tap into investments from friendly countries such as Japan. He told the delegation — comprising 16 Japanese companies as well as the Japanese Chamber of Commerce and Industries in South Africa (CCIJ) as well as the Japan External Trade Organisation (JETRO) — that Government was prepared to engage them on it policies and provide any clarity that may be needed to promote investment.
He said: “Zimbabwe is a business friendly economy and we have adopted the mantra ‘Zimbabwe is Open for Business’ precisely to open up to friendly countries like Japan to open investment opportunities.
“We are happy to receive you and looking forward to fruitful discussions and engage on key issues of policy concerns so that we can clarify them so that you also understand our economic environment.
“We are moving swiftly to change our investment laws to ensure that we process investments applications much quicker and more efficiently at minimum costs.”