President Emmerson Mnangagwa said that Zimbabwe has had no lines of credit from international institutions for the past 20 years due to sanctions.
President Mnangagwa was speaking on Monday at the Global Business Forum Africa 2019 in Dubai. He said:
Up until now, we have had no support from international institutions – we’ve had no lines of credit for 20 years.
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Bilateral relations have dried up. We need to introduce a raft of economic reforms to attract global capital. We must create an environment where investors feel comfortable.
We have thousands of top brains outside of Zimbabwe – people left because of the sanctions. We want the brain drain to come back.
He invited investors to grab opportunities in agriculture, mining and energy sectors.
The fifth edition of GBF Africa is being organised The fifth edition of GBF Africa” and is set to conclude this Wednesday.
The forum brings together heads of state, policymakers, prominent business leaders, entrepreneurs and industry experts from the UAE and Africa to explore new avenues of economic cooperation.