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by stephen chandisareva

Harare 25 July 2017(News of the South)-Zimbabwe to attract more foreign direct investment after French government has promised to draw more investments to Zimbabwe, citing good investment atmosphere.

Speaking at the French National Day recently, France Ambassador to Zimbabwe, Richard Boidin urged French companies to come and make long term investments in Zimbabwe.

“Firstly, l am encouraging French business to invest especially in agriculture. It is our main objective to make long-term investments in the country.

He said, in the coming months, he is willing to invite more French companies to invest in Zimbabwe.

“Because they are effectively demonstrating that we, the French, believe more than ever in Zimbabwe’s future.

“In the coming months, we will attract more French companies due to guarantees from the Zimbabwean authorities that these investments will be protected.

In 2015, a business delegation from France led by French business organisation, Movement of the Enterprise of France spent four days in Harare.

The visit saw 10 major French companies, with a turnover of $1billion, meeting President Robert Mugabe, government officials and captains of industry.

In 2016, Zimbabwe attracted $351million from foreign direct investments down from $420million in 2015.

And government has since appointed a board, Special Economic Zone board led by Dr Gideon Gono aimed at stimulating investment inflows through unlocking all operations in established special economic zones (SEZs).