Friday, July 10, 2009

International Investment conference opens in Harare

from SWRadioAfrica:

...The key to this (i.e. investment), according to the address by deputy Prime Minister Arthur Mutambara, was restoring the rule of law, which provides the foundation of confidence for contractual dealings and investor activity, without which no economy can run effectively.

He said: ‘The rule of law, transparency and accountability in the public sector serve not only as means to counter corruption but also as fundamental conditions of good governance’.

Our Harare correspondent Simon Muchemwa said investors at the conference took a keen interest in the energy, mining, construction and telecommunication sectors. These are perceived as sectors with the highest potential for profitability.

But there were also concerns raised by investors during a question and answer session with the three leaders that real reforms have yet to take root in the country. Others felt Zimbabwe was still a place where property rights are not respected...

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