President Emmerson Mnangagwa Wants To Eliminate All Investment Restrictions In Zimbabwe

President Emmerson Mnangagwa
President Emmerson Mnangagwa
President Emmerson Mnangagwa โ€“ Photo by from Wikimedia Commons

In a room full of Africaโ€™s leading business executives and leaders, Zimbabwe President Emmerson Mnangagwa made the case for why, after years of economic stagnation under Robert Mugabe, investors should pay attention to his country. His pitch was simple: Heโ€™s not Robert Mugabe.

Mnangagwaโ€™s speech about Zimbabweโ€™s economic recovery plan on March 26 at the Africa CEO Forum in Abidjan lasted just 15 minutes. However, it was packed with references to Zimbabwe now being โ€œopen for businessโ€. This is in contrast to the regime of his controversial predecessor.

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President Emmerson Mnangagwa presents Zimbabweโ€™s โ€œcurrent quest to engage and re-engage with the family of nations following years of isolation due to the illegal economic sanctions.โ€ According to President Emmerson Mnangagwa, his administrationโ€™s top priority is the โ€œresuscitation and revival of the economy and re-engagement of the international community.โ€

One way he plans to achieve that goal is to โ€œeliminate all investment restrictionsโ€. This is a departure from Mugabeโ€™s usually antagonistic stance towards investors. The president also insisted that presidential elections in July will now be free and fair.

 Quartz Fixing Zimbabwe's economy after Mugabe
Image from Quartz Africa

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