Swedish investors eye opportunities in Zim
FINANCE, Economic and Investment Promotion minister Mthuli Ncube on Friday held a meeting with Swedish ambassador to Zimbabwe Per Lingarde together with top investors and representatives from Swedish companies operating locally as the country seeks to lure investors from the Nordic country.
The meeting, which took place at the Swedish ambassador’s residence in Harare, brought together key players from leading Swedish companies such as Sandvik, Husqvarna, Scania and SKF, among others.
The discussions focused on socio-economic development and exploring avenues to enhance bilateral investment.
Addressing the attendees, Ncube underscored the investment opportunities available for Swedish investors, particularly in sectors such as mining, manufacturing renewable energy.
“Zimbabwe is open for business and we are keen on partnering with Swedish firms that bring, not just capital, but also technology and expertise. Our government is committed to creating a conducive environment for foreign investments,” he said.
Ncube said the economy wasc on a positive trajectory, emphasising recent reforms aimed at stabilising the currency and improving the ease of doing business.
“Our recent policy measures have been designed to ensure long-term economic stability. We have implemented key reforms in the financial sector, including measures to stabilise the currency and control inflation, which are critical for creating a predictable and secure investment environment. Additionally, we have streamlined regulatory processes to make it easier for businesses to operate and expand in Zimbabwe,” Ncube said.
“We want to see Swedish companies thrive in Zimbabwe, not just as foreign investors, but as integral partners in our nation’s economic growth. We are committed to ensuring that your investments are protected and that you have the support needed to succeed.
“The government is fully behind initiatives that will create jobs, transfer skillsand drive innovation, which is why we are continuously improving policies to make Zimbabwe an attractive destination for international investment.”
Lingarde expressed optimism about the potential for increased Swedish investment in Zimbabwe.
“Sweden has a long-standing relationship with Zimbabwe, and we are excited about the opportunities that lie ahead. The commitment shown by both our governments towards economic development is encouraging and Swedish companies are eager to expand their operations here,” he said.
The breakfast meeting also provided a platform for Swedish companies to share their experiences of operating in Zimbabwe.
Representatives from Sandvik and Scania praised the country’s skilled workforce and highlighted the potential for growth in the local market.
However, they also pointed out challenges such as regulatory hurdles and the need for continued economic reforms.
Ncube extended an invitation to Swedish investors to participate in upcoming economic foeas in Zimbabwe, further solidifying the partnership between the two countries.-newsda
