ED Assures Investors That They Can Repatriate Their Dividends

President Mnangagwa has said that reforms that are ongoing have removed major restraints for investors.

Mnangagwa also mentioned that within the confines of Zimbabwean laws, investors can have access to and repatriate their dividends. Officially opening the 35th International Chromium Development Association (ICDA) conference in Victoria Falls he said:

We’re a country endowed with vast natural resources and a huge growth potential particularly in the chrome and platinum group of metals mining sub sectors. As our country accelerates its modernisation and industrialisation agenda, the development of these mining sectors will be given greater attention in our bid to accelerate economic growth. 

In response to market expectations and global best practices, we continue to make responsive laws to reform our business operating environment through policies that are transparent, consistent and predictable. We’ve implemented the amendment of the Indigenisation and Economic Empowerment Act and investors are also free to choose to partner with locals on mutually beneficial and agreed conditions. All investors are free to repatriate their dividends in accordance with our laws.

President Mnangagwa also said that investors can take advantage of existing opportunities in the mining sector and the skilled personnel the country has. He said:

To achieve this, Zimbabwe’s chromium sector is open for the injection of new capital and investment inflows. I therefore invite you to commit your investments into our chromium sector and explore possible investments in any of our wide range of exciting mineral resources some of which are yet to be explored.

Related:

• PICTURES: Scarfs Awash At The Vic Falls ICADA Conference
• ED To Officially Open Chromium Conference In Vic Falls

More: The Chronicle