Belgium’s Fin Expo keen to back Zimbabwe industry

By Rudo Saungweme

Zimbabwe`s engagement and re-engagement efforts  continue to bear fruits as Fin Expo Belgium has expressed its commitment to strengthening its bilateral relations with Zimbabwe through engaging in reciprocal constructive programmes.

The Harare Post has learnt that Fin Expo, which is a Belgian Government Department responsible for assisting Belgian companies to export to developing countries, is willing to finance Zimbabwe in reviving its industries.

The Belgian companies have advised Zimbabwe to give them project proposals so as to access loans from Fin Expo.

The move by Fin Expo to support Zimbabwe industry is in line with President Emmerson Mnangagwa`s mantra of engaging and re-engaging the international community.

President Mnangagwa on 22 November met officials from Private Investors for Africa (PIA), a coalition of investors who include Coca-Cola, Heineken, Lafarge Holcim, MasterCard, Standard Bank and Syngenta, who expressed satisfaction with the economic reforms being undertaken by Government. PIA is a coalition of private companies headquartered in Belgium.

Speaking after meeting President Mnangagwa, PIA chairperson and Standard Bank Group chief executive for African regions, Sola David-Borha said, “This is a visit to understand the changes that have taken place recently in the country. We want to better understand the ongoing reforms so that we can take this inside information to our boards and forums which require information before making a business case to invest. That is why this visit is so important.”

The delegation met officials from various Government ministries and the Reserve Bank of Zimbabwe. David-Borha said their focus was on assisting Zimbabwe to grow its economy.

Zimbabwe is witnessing game-changing investment proposals, with companies from formerly hostile countries scouting for business opportunities. This is a result of President Mnangagwa engagement and re-engagement policy reforms.