South Africa gears up to host the 2024 Zimbabwe Investment Summit this week, bringing together key figures to explore the booming Zimbabwean economy and its vast potential. The two-day event, held at the Radisson Hotel in Kempton Park from May 2nd to 3rd, is themed "People You Can Invest In," highlighting the country's skilled workforce and attractive investment opportunities.
Zimbabwe has seen significant growth across various industries, particularly in tourism, mining, and agriculture. This growth, coupled with a 5.5% real GDP increase in 2023, is attracting international investors' attention. The country boasts rich deposits of platinum group metals and the world's second-largest high-grade chromium reserves, further solidifying its appeal.
Foreign direct investment (FDI) in Zimbabwe has grown more than fivefold in the past two decades, according to the UNCTAD's World Investment Report. Prominent South African businessman Zunaid Moti, Chairman of African Chrome Fields (ACF) and a summit sponsor, believes this is just the beginning.
"Zimbabwe's economy is primed for significant growth," says Moti. "With its untapped potential, rich commodities sector, and a skilled workforce, investors entering now stand to gain immensely in the coming years."
ACF, one of Zimbabwe's largest investors, will showcase its operations and advancements in the chrome industry at the summit. Moti will participate in a panel discussion exploring future investment prospects in Zimbabwe. Their success story aims to inspire other investors to explore opportunities in the country.
The summit will feature various panel discussions led by influential figures from Zimbabwe and South Africa. These discussions will delve into the current state and future prospects of Zimbabwe's mining, agriculture, manufacturing, infrastructure, and technology sectors.
"The summit is a platform for investors, entrepreneurs, industry leaders, and government representatives to discuss the future of Zimbabwe, share insights, and forge partnerships," Moti concludes. "Investing in Zimbabwe is not just commercially sound; it's an opportunity to contribute to African development and empower its people."