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Finance Minister Mthuli Ncube Intensifies Investment Drive with Focus on Asia and Europe

Zimbabwe to adopt international financial reporting standards

Professor Mthuli Ncube, Zimbabwe’s Minister of Finance, Economic Development, and Investment Promotion, has announced a renewed effort to bolster investments and re-engage with foreign markets, particularly targeting Asia and Europe.

Speaking at the Zimbabwe Investment and Capital Markets Conference in London this week, Professor Ncube emphasized the importance of private sector-led economic growth, with the government playing a supportive role by ensuring a stable macroeconomic environment.

“Zimbabwe has a Vision of becoming an upper middle-income country by the year 2030,” stated Professor Ncube. “Achieving this vision hinges on investment momentum from both the government and the private sector.

Our goal is to foster a private sector-led economy, with the government facilitating by providing a stable macroeconomic environment, investing in essential physical and technological infrastructure, and ensuring access to international markets.”

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Professor Ncube highlighted the critical role of foreign direct investment (FDI) in complementing national development efforts. “Private sector investment, particularly FDI, will enhance technological transfer, deepen productive linkages and value chains, and boost overall competitiveness,” he noted.

Professor Ncube outlined a variety of investment opportunities available in Zimbabwe, spanning several key sectors including mining, energy, agriculture, and the capital market. “These sectors offer significant potential for investors and are crucial to our national development strategy,” he said.

The minister reiterated the government’s commitment to creating a conducive environment for investment. “The government is focused on ensuring macroeconomic stability, investing in infrastructure, and promoting access to education and health services.

These efforts are aimed at creating a robust foundation for private sector growth and international market integration,” Professor Ncube added.

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