Fidelis Munyoro, Harare Bureau
The world’s largest beverage company, Coca-Cola Company, has promised to invest $65 million in the country over the next three years as Government’s “Zimbabwe Open for Business” mantra continues to yield results.
Many Western countries are keen to invest in the country following President Emmerson Mnangagwa’s administration’s clarion call to restore relations with the international community.
The UK is teaming up with Standard Chartered Bank to lend $100m to Zimbabwean companies in what will be the British government’s first direct commercial loan to the southern African nation’s private sector in more than 20 years.
The loan is the biggest sign of a thaw in the UK-Zimbabwe relationship since London imposed sanctions on Robert Mugabe’s regime in the early 2000s. The rapprochement follows Mr Mugabe’s forced resignation in November in a “soft coup” that ended his 37-year rule. Read more