BROAD AND NECESSARY REFORMS HAVE ALREADY BEEN PUT IN PLACE TO POSITION ZIMBABWE AS AN ATTRACTIVE INVESTMENT DESTINATION .
CIOopinion
OPINION CIO OPINION
“
BROAD AND NECESSARY REFORMS HAVE ALREADY BEEN PUT IN PLACE TO POSITION ZIMBABWE AS AN ATTRACTIVE INVESTMENT DESTINATION .
//////////////////
Never Ncube , CEO of Dandemutande
Seizing opportunities in Zimbabwe ’ s new era
As Zimbabwe courts investors and ramps up efforts to create a business-friendly environment , connectivity and communication will be key to forging a path towards the country ’ s digital future according to Never Ncube , CEO of Dandemutande , a licensed Internet Access Provider and ISP .
Following the events of November 2017 , there has been a seismic shift in the political and business environment underpinned by the new maxim ‘ Zimbabwe is open for business ’. Because of a PR offensive by President Emmerson Dambudzo Mnangagwa , Zimbabwe has seen an upsurge in investment conferences across various sectors as investors seek to understand the potential investment opportunities available . These and other efforts have already led to the government securing US $ 15 billion worth of investment commitments from foreign investors to date , while the diaspora community express renewed interest in working with a new Zimbabwe .
Broad and necessary reforms have already been put in place to position Zimbabwe as an attractive investment destination including the effective repeal of key areas of the Indigenisation Act , with the exception of the mining sector ( specifically extractive mining of diamonds and platinum ), any investor can now acquire or control business without limitation on shareholding . Significant changes have also been made to the Electoral Act to allow for the provision of free and fair elections , while the government has also committed to inviting international observers to witness future elections in the country .
Locally , there has been an upsurge in capacity utilisation and overall industrial growth . While the country does continue to experience cash liquidity shortages and foreign currency availability continues to be constrained , the government is actively working to normalise the situation as much as possible to create a productive
44 INTELLIGENTCIO www . intelligentcio . com