Sunday, February 25, 2018

Financial Markets Indaba set for Jo’burg

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The fifth edition of the Zimbabwe’s Financial Markets Indaba, a business dialogue platform for captains of industry and investors, is set for this Thursday in Johannesburg, South Africa. The FMI is themed “Zimbabwe — Beyond the headlines”, and will be graced by Finance and Economic Development Deputy Minister Terrence Mukupe and Special Advisor in the Office of the President Ambassador Christopher Mutsvangwa.
The two will use the platform to market the many investment opportunities available in Zimbabwe.
Founder and CEO of Shumba Group Mr Gabriel Shumba, MMC Capital executive director Mr Itai Chirume, and Untu Capital boss Mr Clive Msipha are among the panellists at the indaba.
In a statement last week, Financial Markets Indaba business development executive Mr Patrick Muzondo said: “The conference is expected to appraise investors on the new political dispensation in Zimbabwe and its plans. Over the past four conferences, the Financial Markets Indaba platform has hosted 127 speakers.”
On his inauguration last year, President Emmerson Mnangagwa declared that Zimbabwe is open for business, and that has been his administration’s guiding mantra.
He has singled out sections of the indigenisation regulations, corruption and high cost of business as priority areas that need redress for the country to attract foreign investment.
Zimbabwe has in the past three months witnessed investors’ renewed interest in the country.
A fortnight ago, President Mnangagwa said over US$3 billion worth of foreign direct investment had been pledged in less than two months since his administration started steering Zimbabwe out of its economic challnges.
Last week, a business consortium comprising of South Africa’s Transnet and the Diaspora Infrastructure Development Group injected US$400 million into the National Railways of Zimbabwe.
It is such partnerships and opportunities that FMI presents to Zimbabwe and potential investors.