The Finance and Economic Development Minister Mthuli Ncube said that Nestle Zimbabwe is set to employ 10 000 women within four years in its distribution unit.
Ncube said this to the media after a tour at the Nestle Harare factory on Monday. Ncube also assured foreign investors that their investment in Zimbabwe is safe. He said:
They will be employing over the next three to four years 10 000 women to distribute, Nestle products, that is SME empowerment and that is what we would like to see.
Also, we begin to understand the impact of our policies from the top, from the government’s side, how those impact companies such as Nestle.
If you are a foreign investor, you are allowed to take out 100% of your earnings or dividends and repatriate your profits, we allow that. Your investment is safe however because of the acuteness of foreign currency supply companies are unable to do that sometimes.
We are doing everything we can to ameliorate things and improve the situation when it comes to the availability of foreign currency and we will continue to do so going forward.
More: Mail and Telegraph
Professor Mthuli Ncube is the Minister of Finance and Economic Development.He was the Chief Economist and Vice President of the African Development Bank ,financial, economics, investment, and public policy expert, entrepreneur and academic. Professor Ncube divides his time between the private sector in Switzerland and... Read More About Mthuli Ncube