Published: 01 April 2014

Deputy British ambassador to the country Chris Brown said Zimbabwe would lag behind its African peers in development if its government does not enforce investor-friendly policies.

The investment-starved country is desperately trying to attract foreign direct investment (FDI) and access international lines of credit.

But investors and financiers are wary of its policies, particularly the indigenisation law compelling foreigners to cede majority shareholding to black locals.

"Zimbabwe should look directly at the elephant in the room, the continued uncertainty over the implementation of the indigenisation and economic empowerment.

"Zimbabwe should therefore follow an investor friendly path and this alone would give a seven percent GDP growth per year. This is ignoring her abundant agricultural resources and exceptionally-educated labour force," Brown said.

The British diplomat said investors would continue shunning the country if their concerns about the business climate are not addressed.
- Zim Mail

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