Mnangagwa says Zimbabwe will not shelve projects just because its people are not ready


President Emmerson Mnangagwa says his administration will not stall investment by foreigners just because Zimbabweans are not yet ready or able to invest adding that the country has already attracted $2.4 billion in foreign direct investment in the two months since he assumed office.

This is more than double the foreign direct investment into the country over the past three to four years.

“We cannot shelve progress, shelve projects, just because there are no Zimbabweans who are as yet ready or able to invest or do projects”, Mnangagwa was quoted by the Sunday Mail as saying.

Mnangagwa who was  at the World Economic Forum in Davos, Switzerland,  last week to promote investment in the country and received wide publicity from the British Broadcasting Corporation and Cable Network News, told Zimbabweans in Ethiopia where he is due to attend the African Union summit that: “Zimbabwe is the new lady on the international scene. She is very attractive.”

He said Zimbabwe needed a new moral and work ethic for a hardworking society in which honest rewards accrued to deserving actors.

“We are not averse to people becoming billionaires. But become a billionaire through hard work and talent, not through stealing from others,” he said.


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Charles Rukuni
The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.


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