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Zida launch alone won’t bring much-needed FDI The Zimbabwe Independent
LAST week’s launch of the investors’ handbook 101 by Treasury boss Mthuli Ncube as well as the launch of the Zimbabwe Investment Development Authority (Zida) by President Emmerson Mnangagwa, though commendable, would be exercises in futility if government does not entrench property rights, among other much-needed sweeping reforms crucial towards attracting capital.
Tinashe Kairiza
With Zimbabwe gripped by an intractable economic maelstrom, the southern African country has struggled to attract meaningful foreign direct investment (FDI) largely due to its hostile policies which have spooked investors.
In the face of dwindling investment figures, Mnangagwa’s administration launched the investors’ handbook and Zida last week in a bid to lure capital into the country.