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First with the News

Zimbabwe, USA Eye Improved Investment Opportunities To Boost Economic Prospect

August 20, 2024
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By Ebi Kesiena

The United States has shown a renewed interest in enhancing Zimbabwe’s investment climate to create broader economic opportunities, US Ambassador to the country has stated.

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In a statement, Pamela Tremont reiterated her country’s commitment to supporting Zimbabwe’s development goals.

Tremont revealed that since Zimbabwe attained independence, the US has provided US$5 billion in humanitarian, health and development assistance, including more than US$1 billion in the last three years alone.

“We have provided US$62 million in assistance in 2024 to counter the effects of the current drought in Zimbabwe. This funding will address short-term food insecurity and long-term strategies to improve agricultural practices and strengthen community resilience,” she said.

“On agriculture, US support for demining programmes has made more than 3 000 acres of land available for cultivation. Together, we are returning land to farmers that had been unsafe for communities and their livestock since Zimbabwe’s hard-fought liberation struggle.

“Broad-based economic prosperity is impossible without strong democratic institutions, good public health, and regional security. The United States supports these things because they are critical elements for Zimbabweans to chart their own future.”

Also, Tremont said the US was interested in deepening relations with Zimbabwe to advance mutual interests.

“Our hope is to collaborate on improving the investment climate in Zimbabwe to expand economic opportunities for people and communities, forge stronger business linkages and attract investors to look closely at Zimbabwe’s educated labour force and long-term growth potential,” the US ambassador said.

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