Victoria Falls Financial Hub Draws Global Interest.
Zimbabwe's new offshore investment center in Victoria Falls attracted strong investor attention at the World Economic Forum in Davos. Finance Minister Mthuli Ncube led talks with potential backers last week.
The hub aims to bring foreign money into the Victoria Falls Special Economic Zone. It offers tax breaks and simple rules for cross-border deals.
"We met investors eager to place funds in the center," Ncube said. These backers promised to promote the project in their home markets.
The center runs on U.S. dollars and provides land for international banks. It includes the Victoria Falls Exchange, which opened in 2020. Companies list there to trade in dollars and move funds freely.
Ncube told investors that Zimbabwe wants more value from its resources. "We need minerals processed locally before export," he said.
The minister met with South African officials about energy and G20 matters and talked with Afreximbank's president about funding options.
At the forum, Ncube joined talks on climate change and industry growth. The event focused on "Collaboration in an Intelligent World."
The World Global Risk Report listed false information, especially on social media, as the top threat for the coming years.
The project shows Zimbabwe's push to improve business conditions. Ncube stressed the need for quick action to compete for global investment funds.
Zimbabwe's new offshore investment center in Victoria Falls attracted strong investor attention at the World Economic Forum in Davos. Finance Minister Mthuli Ncube led talks with potential backers last week.
The hub aims to bring foreign money into the Victoria Falls Special Economic Zone. It offers tax breaks and simple rules for cross-border deals.
"We met investors eager to place funds in the center," Ncube said. These backers promised to promote the project in their home markets.
The center runs on U.S. dollars and provides land for international banks. It includes the Victoria Falls Exchange, which opened in 2020. Companies list there to trade in dollars and move funds freely.
Ncube told investors that Zimbabwe wants more value from its resources. "We need minerals processed locally before export," he said.
The minister met with South African officials about energy and G20 matters and talked with Afreximbank's president about funding options.
At the forum, Ncube joined talks on climate change and industry growth. The event focused on "Collaboration in an Intelligent World."
The World Global Risk Report listed false information, especially on social media, as the top threat for the coming years.
The project shows Zimbabwe's push to improve business conditions. Ncube stressed the need for quick action to compete for global investment funds.
