Herald Says The World is Warming to ED Despite Low Uptake of His ‘Zimbabwe is Open For Business’ Mantra
At a time when Zimbabwe is struggling to access lines of credit to boost the economy, the state owned Herald has reported that the world is responding positively to President Emmerson Mnangagwa’s efforts to take the country back into the family of nations.
Mnangagwa had high hopes that Zimbabwe would have an easy go with the world due to his ‘Zimbabwe is open for business’ mantra which now appears hard to sell as nothing in terms of loans and foreign direct investment has come his way.
“As our engagement and re-engagement efforts begin to yield visible benefits, I challenge industry to anticipate the expanded export market and develop business strategies with this in mind,” said President Mnangagwa while addressing the Zimtrade Exporters Conference.
“. . . my Government will continue the ongoing efforts to re-engage with the international financial institutions to support the recapitalisation and retooling of industry, as well as trade finance to boost capacity utilisation and production for export.
“We are, to date, encouraged by the positive response we are receiving as a result of our re-engagement efforts.”
Zimbabwe’s plans to rejoin the Commonwealth were recently thwarted with the bloc insisting that they will only look at the issue at its 2020 summit.
Mnangagwa also returned from the United Nations General Assembly empty handed despite having a busy schedule meeting up with investors.
He even hinted that United States President, Donald Trump land turned down his offer for land to put up a golf course in the resort town of Victoria Falls.
With glaring signs of failure written all over the ED administration, it is shocking how the Herald would twist facts to appear like all is well.
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