'Choose investors who'll add value': Botswana's Ian Khama tells Zim leader Mnangagwa

Ian Khama (File: AFP)
Ian Khama (File: AFP)

Former Botswana president Ian Khama has warned Zimbabwe's Emmerson Mnangagwa to only allow in investors who’ll create employment for significant numbers of Zimbabweans.

In quotes carried by Daily News on Sunday, Khama told a Confederation of Zimbabwe Industry Investment Forum in the second city of Bulawayo last week: "Every government is responsible for finding ways of creating employment for its people and not for creating employment for outsiders." 

'Not one person coming in'

Khama – who’s been much more supportive of new president Mnangagwa than he ever was of former president Robert Mugabe – said: "I am not talking about one person coming in and employing one person."

He added: "I am talking about people, investors who will come in and genuinely add value to your economy and allow your economy to grow."

Mnangagwa, 75, has been open about his desire to attract foreign investment as a way of giving a boost to Zimbabwe’s ailing economy and solving foreign currency shortages, which are worsening by the week.

Chinese storekeepers under fire

Although Khama didn’t make reference to a specific group of investors that Mnangagwa should be wary about, his words may well be a reference to Chinese businesses which have shown a keen interest in Zimbabwe in recent years. Locals are fiercely critical of some Chinese shopkeepers who operate in downtown Harare and do not always bank their takings.

Earlier this year, DRC ambassador to Zimbabwe Mawampanga Mwana Nanga warned Mnangagwa of opening Zimbabwe’s doors to “dirty and corrupt” investors, according to the private NewsDay

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Lockdown For
DAYS
HRS
MINS
Voting Booth
When assisting your child with remote learning this year, did you:
Please select an option Oops! Something went wrong, please try again later.
Results
Follow the school's comprehensive sexuality education (CSE) curriculum?
13% - 116 votes
Adjust the CSE curriculum to suit the family's morals?
24% - 208 votes
Ignore the schools CSE programme and do your own teaching?
63% - 544 votes
Vote
ZAR/USD
15.25
(-0.09)
ZAR/GBP
20.29
(-0.13)
ZAR/EUR
18.23
(-0.16)
ZAR/AUD
11.25
(-0.20)
ZAR/JPY
0.15
(-0.04)
Gold
1787.51
(+0.09)
Silver
22.67
(+0.11)
Platinum
965.22
(+0.30)
Brent Crude
48.27
(+0.96)
Palladium
2413.01
(+0.60)
All Share
57822.50
(-0.17)
Top 40
53021.58
(-0.12)
Financial 15
11577.71
(-0.58)
Industrial 25
79894.95
(-0.12)
Resource 10
52804.55
(+0.03)
All JSE data delayed by at least 15 minutes morningstar logo