WATCH: US investors 'showing interest in Zimbabwe', says finance minister

2018-09-25 11:18
Zimbabwean Finance Minister Mthuli Ncube (File: AFP)

Zimbabwean Finance Minister Mthuli Ncube (File: AFP)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Zimbabwe's finance minister Mthuli Ncube has reportedly said that American investors are showing interest in the southern African country, following a meeting with them in New York.

According to Daily News, Zimbabwean officials met with at least 100 international investors and institutions on the sidelines of the ongoing United Nations General Assembly in the Big Apple.

The meeting, which included the Bank of America, Morgan Stanley, Merill Lynch, JP Morgan at the Zimbabwe Investor Forum, was led by President Emmerson Mnangagwa, the report said.

"At the oversubscribed Zimbabwe investor forum, over 100 American investors, including Morgan Stanley, Bank of America, Merill Lynch, JP Morgan showed interest in bringing capital to the newly-reformed Zimbabwe," Ncube was quoted as saying.

Watch Mthuli Ncube as he makes his presentation to the investors below

Ncube said that Mnangagwa reassured the investors that their investment was going to be safe, as the country was undergoing reforms under his administration.

The investment would likely help unlock much needed cash for the southern African country which must clear $1.8bn arrears with the World Bank, and the African Development Bank.

The European Union and the United States imposed sanctions against Zimbabwe in 2000, after they accused ex-president Robert Mugabe of trampling on human rights, rigging elections and repression of press freedom - accusations that the nonagenarian denied. 

The sanctions led to devastating economic challenges, with the country reportedly now sitting with about 85% unemployment.

* Sign up to News24's top Africa news in your inbox: SUBSCRIBE TO THE HELLO AFRICA NEWSLETTER

FOLLOW News24 Africa on Twitter and Facebook

Read more on:    emmerson mnangagwa  |  mthuli ncube  |  zimbabwe  |  southern africa

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

Inside News24

 
/News
Traffic Alerts
Traffic
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.