Mauritius Becomes Largest Investor In Zimbabwe

11 years, 7 months ago - October 15, 2012

The Zimbabwe Investment Authority (ZIA) on Sunday said Mauritius is topping investment inflows into the country with a commitment of over $3.5 billion for the past two years.

ZIA said it continues to receive investment pledges from various countries globally, with the past nine months recording $350 million worth of proposed investments.

Among the proposed investments, Mauritius is still topping the list considering a $3.4 billion pledge last year.

ZIA Chief Executive Officer Richard Mubaiwa was quoted by state radio as saying that Mauritius has become one of the countries seriously considering investing in Zimbabwe, adding that some of its major projects are already on the ground.

For the past nine months, Zimbabwe recorded a total of $350 million worth of proposed investment with a potential to create over 4,000 jobs.

Among the proposed investments are 40 mining projects worth $189 million, as well as 33 manufacturing sector projects.

The services sector has 19 projects, while construction and agriculture have five projects valued at $89 million.

Text by the Independent

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