Reengagement has helped us a great deal – Business

by | Jul 12, 2022 | Business, Local News | 0 comments

Reengagement has helped us a great deal – Business

Yvonne Mutambwa

Business has hailed Government`s reengagement policy, saying it has helped them access markets and companies which were previously out of reach.
This came after French-based organisations operating in Zimbabwe committed to expand their operations, while initiating new projects.
This was noted during the Paris Club Forum where government officials held business discussions with representatives of French-owned firms operating in Zimbabwe over the weekend.
Zimbabwe Investment and Development Agency Acting Chief Executive Officer, Mrs Duduzile Shinya explained how French firms have played an important role in overall economic development.
“The business portfolio by the French investors on Zimbabwe is highly commendable as our statistics show that France has also had several approved projects in different sectors of the economy, so it is their ability to continue operating in Zimbabwe that also sends signals about the steps being made to stimulate growth,” she said.
Zimbabwe National Chamber of Commerce Past President Mr Luxon Zembe also applauded the commitment by French firms to grow their collective footprint in the country.
“Indeed, there are several French based companies in Zimbabwe. The key point is all about their ability to operate in the country that also sends positive indications to other would be investors from that European economy,” he explained.
The Paris Club Forum held under the banner of the Movement of the Enterprises of France, MEDEF ,which is the largest private sector arm of French-based entities, created a platform for Zimbabwe to provide presentations on current state of the economy and business opportunities.
French-owned companies in the country own business portfolios in the fields of agro-processing, retail and distribution, construction, finance and trade, among others.

Government has put in place several measures in support and aiming at assuring external business people that their projects are safe and feasible.