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ImageA Pan-African Investment Climate Summit offers an opportunity to take the lead in investing in Zimbabwe

Africa investor, a leading international investment research and communication group, is to host a Pan-African Investment Climate Summit in association with the Ministry for the Tourism and Hospitality Industry of Zimbabwe.

The Summit will take place from June 23-25, 2009 at the prestigious Rainbow Towers Hotel and Conference Centre in Harare, Zimbabwe. The Summit is a pan-African business forum designed to profile pre-vetted investment projects from across Africa and problem solve specific investment climate challenges with investors and donors. The Summit brings together business and government leaders to discuss investment opportunities.

Zimbabwean Prime Minister Morgan Tsvangirai has urged the international community to give the inclusive government a chance to turn the economy around through sectors such as tourism.

The first day of the Summit will comprise a half day project showcase for investors to meet project promoters, followed by welcome drinks. The second day will be the official opening of the Summit followed by a gala dinner where the Zimbabwe Tourism Authority (ZTA) will unveil its new national tourism strategy. The final day will be Zimbabwe-focused and showcase exciting presentations from business and government leaders on investment opportunities in the manufacturing, infrastructure, and tourism sectors.

ImageSecuring Early Mover Advantage

Why Zimbabwe? With the recent removal of the international media ban, several International Development Finance Institutions and investment funds are now actively assessing projects in Zimbabwe, making this the perfect opportunity for astute investors to secure early mover advantage.

The new inclusion government is being welcomed back into the international community, with the British government recently investing US $30 million to refurbish its embassy in Harare and Japan pledging aid and lifting its travel advisory against the country. The World Bank and African Development Bank also recently committed a total of $21.5 million to refurbish water and sewage treatment plants in Harare.

These moves, say the organizers, all signal sound prospects for investors in Zimbabwe and the Southern African Development Community as a whole and the Africa investor Pan-African Investment Climate Summit will be a Partner in assisting and promoting this process.

Africa investor maintains the Africa investor 40 Investors' Index and also hosts the Ai index series Summit & Awards and the Africa investor Infrastructure Projects Summit & Awards.

Promoting Tourism in Zimbabwe

Zimbabwean Prime Minister Morgan Tsvangirai has urged the international community to give the inclusive government a chance to turn the economy around through sectors such as tourism.

"I assure you that the inclusive Government will do everything necessary to mobilizeImage resources needed for the implementation of your resolutions by the Ministry of Tourism and Hospitality and indeed all other sector ministries," he said.

The Ministry for the Tourism and Hospitality Industry, the government ministry responsible for tourism in Zimbabwe, is the host sponsor of the Africa investor Investment Climate Summit and is joined by a number of international partners including the United Nations Industrial Development Organisation (UNIDO), the New Partnership for Africa's Development (NEPAD) and the NEPAD Business Group.

Commenting on the Summit, Hubert Danso, Vice Chairman and Managing Director of Africa investor said:

"We are delighted to be working with the Ministry for the Tourism and Hospitality Industry of Zimbabwe on this Summit. Africa's investment climate has undergone significant improvements over recent years and this Summit will showcase numerous exciting upcoming African and Zimbabwean investment projects for the first time to investors.

A Good Place for Business

The South African government, in particular, is encouraging local businesses to invest in Zimbabwe as one of the instruments South Africa is using to assist the newly formed inclusive Government. To start with, South Africa will assist Zimbabwe with R300 million from the African Union Renaissance Fund, to be given in three instalments by June.

Commenting on a recent high-level South African business delegation to Zimbabwe led by South African mining magnate Patrice Motsepe, Motsepe said that he "personally (had) no doubt that in the next few months or next few years, the private sector, not only in South Africa but worldwide, will realize that Zimbabwe is a good place for business."

The confirmed speakers for the Africa investor Summit are M’Hamed Cherif, Head of ACP Business Climate, Savannah Maziya, Director of WBHO, Paul Runge, Managing Director of Africa Project Access, Trevor Ward, Managing Director of W Hospitality Group and Mawuli Ababio, Managing Director of African Venture Capital Association.

For more information or to register as media for the Summit, contact Gontse Molapo on +27 11 783 4043 or gmolapo@africa-investor.com.

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