US$10 Billion In Investments Lost Under Mugabe

Speaking to Sunday Mail, Zimbabwe Investment Authority CEO Mr Richard Mubaiwa estimates that investments worth at least US$10 billion could have been lost under former Zanu-PF leader Robert Mugabe.

Said Mubaiwa:

It is difficult to put a figure to how much we could have lost in potential investment. But it is definite that we lost billions of dollars. Roughly, I can put the figure at upwards of around US$10 billion because of failure on our part to do the right things. Investor sentiment has now been revitalised in a big way. This shows that the ‘Zimbabwe is Open for Business’ campaign is not just talk. These pronouncements are being made at the highest level and have given confidence to investors. The Investor Guidelines, which the President brought into force; policy statements dealing with investor security and guarantees on protecting investment have all made investors feel secure investing in Zimbabwe.

More: Sunday Mail

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