President Emmerson Mnangagwa has said that despite various resources at Zimbabwe’s disposal, the development of the nation would need assistance from foreign investors.
The president added that it was not prudent for Zimbabwe to embark on the economic resuscitation agenda on its own as that would only delay the process.
He was speaking after taking part in the ninth edition of the National Environment Cleaning Day at Ashbrittle Shopping Centre in Mt Pleasant, Harare on Friday. He said:
We want a better future, we want the next generation to live a better life than ourselves and to do so the current generation, united as a country, as a people, we put our heads together and shoulders on the wheel to develop, to modernise, to industrialise our country.
We can do that and achieve that on our own, depending on our resources but alas, the pace at which we develop would be very slow. That’s why we have said ‘Zimbabwe is open for business’ in order to attract foreign direct investment (FDI) into the country and assist us to develop the various sectors of the economy, agriculture, mining, tourism, manufacturing, infrastructure development and ICTs.
He, however, said that FDI should come without any conditions attached. Mnangagwa also observed that Zimbabwe can only have the bargaining power if the nation was speaking with one voice.
His remarks come when the Affirmative Action Group has vehemently opposed the repealing of the Indigenisation Act saying that would result in the exploitation of Zimbabweans and siphoning of resources to other countries.
More: The Herald
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