Western hostility is deterring investors-Zimbabwe


Zimbabwe says Western hostility towards the country is deterring investment, in sharp contrast with efforts by President Emmerson Mnangagwa to woo Western governments.

Presidential spokesman George Charamba said in email response to questions about investor concerns over elections that of concern to investors, is the continued hostility of the West, especially the United States.

Mr Charamba said delays caused by the opposition’s court challenge to Mnangagwa’s election victory were also putting off investors.

Economists noted that, for the southern African nation to revive its struggling economy, it needs to clear its arrears with Western donors and agree a financing programme with the International Monetary Fund .

Charamba explained that, “Western states were preventing such, despite these attempts, Zimbabwe has good relations with Southern African governments and the BRIC (Brazil, Russia, India and China) states”.

Mnangagwa’s victory is being challenged in Zimbabwe’s constitutional court this week by opposition leader Nelson Chamisa.

Chamisa said the electoral commission rigged the vote, the commission has defended its independence.

Hauwa Mustapha