Foreign investors hold back

Foreign investors have made applications worth billions of dollars, with the mining sector attracting over $1 billion, but most of the investments have not been realised because of the country’s indigenisation laws, Economic Planning and Investment Promotion minister Tapuwa Mashakada has said.

Mashakada said even the Chinese, who have been described by President Robert Mugabe as all-weather friends, were not investing much into the country compared to other African countries.

He said last year China invested more than $200 billion in Africa, but of the amount only $150 million found its way
into Zimbabwe.

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