Zimbabwe is “open for business” and foreign investment in the southern African country is safe, President Emmerson Mnangagwa said on Thursday at a function ahead of the World Economic Forum (WEF) meeting in Davos. In 2016 ZIA approved 37 projects worth 64 million dollars. Manufacturing had second highest in approved projects during the same period this year with 28 projects worth 63 million dollars, up from projects valued at 25 million dollars in 2017. In 2017 Zimbabwe attracted 319 million dollars in Foreign Direct Investment flows a plunged from 421 million dollars in 2015. Zia said Zimbabwe still lags behind its regional peers such as Mozambique, South Africa and Zambia who registered three billion dollars, 2.3 billion dollars and 469 million dollars respectively in FDI inflows in 2017.

Source: The Guardian January 18, 2018 12:11 UTC