Zimbabwe the investment place to be - Biti
2013 January 11 12:50:56 | 3408 Views
- Ingabe ikuphatheleni i-MDC, njalo kusizani ukuyivotela? | 2013 May 13 17:03:55 | 2641 views
- Ikuphatheleni iMDC, kusiza ngani ukuyivotela? | 2013 May 08 19:28:47 | 2678 views
- MDC-T on course | 2013 March 27 14:05:12 | 6566 views
- People will vote for a party with sustainable economic programmes | 2013 March 04 02:36:52 | 7342 views
- Introducing: Election (2013) campaign articles | 2013 March 02 11:08:41 | 5920 views
- 'Biti lied to the nation about police collecting $2 million from roadblocks' - ZRP | 2013 May 13 09:32:12
- 'Our current Income Tax Act is very much in favour of the mining industry,' says Biti | 2013 May 09 07:21:30
- Biti released disbursements totalling over $51,5 million in 3 months | 2013 April 16 19:54:37
- Biti exposes his biggest fear | 2013 April 10 07:20:44
- 'Zimbabwe has more than $217,' says Biti | 2013 January 31 23:59:47
- Kasukuwere denies Zimbabwe indigenisation policy changes | 2013 April 24 16:02:19 | 9195 views
- Banks gang up against EcoCash | 2013 February 04 09:50:06 | 9056 views
- DHL workers panic | 2013 February 08 18:14:00 | 7090 views
- Mangoma steps down as M&R CEO to join Zimplats | 2013 January 24 16:04:34 | 6808 views
- Gono warns about SA imports | 2013 February 06 21:32:00 | 6692 views
Minister Biti was speaking at the ZimInvest London 2013 Forum "Why Zimbabwe Matters" hosted by Country Factor at a top hotel in London this morning.
Minister Biti assured investors that Zimbabwe is going to have "make or break" elections by 29th October 2013 which needed to be credible, legitimate and provide a sustainable end to political conflict. He said his Ministry was next week going to provide funds for the registration of voters to ensure that the voters' roll was sound and no longer contained " millions of deceased people who have a tendency of resurrecting every time we have elections."
Minister Biti said Zimbabwe was on course to have a new constitution even if it meant incorporating into amendment 20, the areas parties have already agreed and having a referendum at the same time as elections on those contentious issues.
Biti said Zimbabwe "is pregnant" with opportunities in energy, mining, agriculture and an educated workforce. He said his ministry was working on a new Diamond law that will enable a new Agency to be created that will ensure transparency in the contentious diamond mining in Zimbabwe. He acknowledged that "at the moment, there is a mismatch between production figures and what the treasury is getting." He said a new law was needed because Zimbabwe was likely to be the world's biggest producer of diamonds within a few years.
He said the iron ore deposits in the Mwanesi area we worth about USD43 Billion metric tonnes while coal and methane gas, platinum, gold and "other marvellous discoveries I can not disclose at the moment" make Zimbabwe a place to be for mining investors.
He said his ministry was committed to reducing mining fees by 50 percent but encouraged the Zimbabwe Chamber of Mines to engage his office more on what the industry needed.
Minister Biti said since coming into Government in 2009, he had initiated the Short Term Emergency Programme (STEP) that has set Zimbabwe on a growth trajectory and out of the economic crisis where inflation had broken all records known to bring sanity with an "eat what you kill" policy where "we sustainably live within our means."
He said Zimbabwe achieved the highest growth rate in the world in 2011, which was testimony to efforts to create a 200 billion economy by 2020.
He invited British companies to consider applying for tenders in energy because, "we will spend a billion US Dollar in upgrading Hwange Power Station, need a hydro power station at Batoka and some 20 mini hydro power stations in Manicaland."
Zimbabwe businessman Mutumwa Mawere, attending the conference said it was good to hear of an optimistic picture of Zimbabwe but encouraged the Government of Zimbabwe to do more in the area of ensuring security of investment.
In the past week, the Ministry responsible for Lands has committed to ensuring that all farms that were covered by Bilateral Agreements were not going to be part of the resettlement programme and moved out blacks who had been allocated a farm in Mazowe in response to those who feared breach of their property rights.
Source: Thamsanqa Zhou
Staff reporter | 2013 May 18 | 1526 Views
Moyo Roy | 2013 May 18 | 971 Views
Staff Reporter | 2013 May 18 | 1770 Views
Sports reporter | 2013 May 18 | 854 Views
Sports reporter | 2013 May 18 | 1032 Views
online | 2013 May 18 | 2514 Views
Gideon Gono | 2013 May 18 | 1107 Views
Staff reporter | 2013 May 18 | 2137 Views
Staff reporter | 2013 May 18 | 841 Views
Staff reporter | 2013 May 18 | 2141 Views
Staff reporter | 2013 May 18 | 1897 Views
Staff reporter | 2013 May 18 | 2752 Views
Staff reporter | 2013 May 18 | 1280 Views
Supersport | 2013 May 18 | 1935 Views
AFP | 2013 May 18 | 2565 Views
Staff reporter | 2013 May 18 | 1350 Views
Staff Reporter | 2013 May 18 | 1476 Views
Staff Reporter | 2013 May 18 | 6598 Views
Staff Reporter | 2013 May 18 | 3225 Views
Staff Reporter | 2013 May 18 | 4941 Views
Staff reporter | 2013 May 18 | 1450 Views
Patrice Lumumba | 2013 May 18 | 2753 Views
Staff reporter | 2013 May 18 | 2892 Views
Staff reporter | 2013 May 18 | 1992 Views
Emmanuel Ndlovu | 2013 May 18 | 846 Views
Arts reporter | 2013 May 17 | 1684 Views
Entertainment Correspondent | 2013 May 17 | 2017 Views
Moyo Roy | 2013 May 16 | 1868 Views
Vasco Shaya | 2013 May 16 | 3483 Views
Staff Reporter | 2013 May 15 | 1926 Views