If you plan to invest in Zimbabwe now is the time to do your due diligence

Zimbabwe, once a thriving country, has faced economic challenges in recent years due to disastrous policies and the use of bond notes. However, with the potential for reform and change under President Nangagwa, the country is now seen as a land of opportunity for investors. In a recent interview on CNBC Africa, businessman Ted discussed the immense potential that Zimbabwe holds for investment. He emphasized the need for due diligence before investing but highlighted the enormous opportunities in natural resources, human resources, and the strong spirit of the Zimbabwean people. The key theme of the interview was the need for potential investors to carefully assess the situation in Zimbabwe and consider the opportunities available. Ted encouraged investors to take a closer look at the country and wait for certain signals, such as the reversal of disastrous policies, before committing capital. He believed that with the right changes, Zimbabwe could emerge as a viable investment destination. Three key points emerged from the interview. Firstly, Ted highlighted the need for a managed decline of the currency and the implementation of a currency board to address the issues surrounding the use of bond notes. He emphasized the importance of creating a stable economic environment that can compete internationally. Secondly, he identified natural resources, particularly mining and timber, as lucrative investment opportunities in Zimbabwe. He also emphasized the potential in agriculture, finance, and tourism sectors, citing the brand new airport at Victoria Falls as a game-changer for the tourism industry. Furthermore, Ted called for the reversal of the disastrous indigenization policy and the reform of land ownership legislation to unlock the potential in these sectors. He believed that with the right changes and a transparent empowerment policy in place, Zimbabwe could attract significant investment and grow its economy. In conclusion, Ted's insights shed light on the emerging opportunities in Zimbabwe's economy. While acknowledging the challenges that lie ahead, he remained optimistic about the country's potential for growth and development. As investors around the world consider their options, Zimbabwe stands out as a land of opportunity that is ripe for exploration and investment.