Zimbabwe strikes gold in USA

PRESIDENT Mnangagwa arrived in the country triumphantly from the United States yesterday after he received the backing of dozens of African countries for the unconditional removal of illegal sanctions imposed by Washington and other Western nations, while a group of investment fund managers is lining up multibillion-dollar projects for Zimbabwe.

The group of billionaires and fund managers from the US is expected in the country midnext month after being charmed by President Mnangagwa who outlined abundant opportunities in the country during an oversubscribed business indaba in the heartland of New York, the world trade and commercial hub.

The President, who was welcomed at Robert Gabriel Mugabe International Airport by Vice- President Constantino Chiwenga, Cabinet ministers and service chiefs, said the support from other African states was heartening.

Vice- President Constantino Chiwenga
“This time around we had several Heads of State from Africa, and in their statements to
the United Nations General Assembly, they implored the United Nations to persuade
America and Britain to lift sanctions. I think we had about 11 Heads of States who spoke
about sanctions that were unjust and illegal and must be removed.
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So for the first time we had several Heads of States including the chairman of African
Union, President Macky Sall of Senegal, and most of the Presidents from Sadc made the
statements and others from other regions, we are very happy with that,” President
Mnangagwa said.

During the UN General Assembly, African countries, notably South Africa, Kenya,
Senegal, Botswana, Namibia, Malawi, and continental bodies, Sadc and the AU, spoke
strongly against the illegal sanctions that were imposed by the US and her allies at the
turn of the millennium to punish Zimbabwe for daring to give land back to its rightful
owners.

Apart from the politics, President Mnangagwa’s itinerary also included high-level
business meetings with elite investors who now appreciate the true story of Zimbabwe,
away from the exaggerations of Western capitals and their local puppets.

The President said billionaire investors and fund managers from the US are eyeing the
country’s mining, agriculture, and ICT sectors and will arrive in the country on October
11.

“The group of investors, they were really big boys in the American economy, most of
them are very anxious to come to Zimbabwe and invest. They run various funds and the
biggest fund was a Mr Davies who runs a US$222 billion fund at his disposal which he
wants to come to Zimbabwe with and invest.

They were able to analyse the opportunities that are available here in Zimbabwe. I am so
happy that a group of them may be coming on the 11th of next month to come and look at
the opportunities available in the country both in agriculture, mining and some in ICT.

We are very happy that there is huge interest in Zimbabwe by the American business
community.”

CBZ chairman Mr Marc Holtzman, who facilitated the meeting between President
Mnangagwa, CEOs, company presidents and fund managers, said in his engagements
there was a global appetite to do business with Zimbabwe.

President Mnangagwa
“We have several highly important United States-based investment fund managers
coming to dinner with His Excellency. People in the room will represent billions in
investment capital. There are people who are really inspired by President Mnangagwa
and his vision to transform Zimbabwe, his openness, opportunities in agriculture, and
natural resources. It’s a wonderful occasion,” said Mr Holtzman.

Representatives of the multimillion-dollar Mabetex Group, who also met President
Mnangagwa, said the President’s “Zimbabwe is Open for Business” policy has piqued
their interest and they will soon set up shop in Zimbabwe, to build conference centres,
tourism facilities and houses.
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In his address at UNGA 77, President Mnangagwa called for the reform of global financial
institutions that have fallen short in addressing challenges faced by developing countries
such as climate change, Covid-19 and conflicts.

The President also outlined measures that have been implemented by Zimbabwe, such as
massive infrastructure development projects which include dams, energy plants and
roads that have broadened the national economic asset base as well as production and
productivity enablers, while enhancing regional connectivity and integration.-The Chronicle