Zimbabwean president encourages his compatriots abroad to invest at home

MAPUTO, Jan. 18 (Xinhua) -- Zimbabwe's new president Emmerson Mnangagwa on Wednesday invited Zimbabwean businessmen in Mozambique to go back to invest in their own homeland, whose economy has been going south and is in need of fresh cash.

Mnangagwa made the remarks to the Zimbabwean community during his one-day visit to Mozambique, saying his government is working to deal with all legislation barriers that constrain business in Zimbabwe.

"By that we mean we are to attend to all pieces of legislation which constrains business in our country," said the president.

"With a lot of people interested in investing in Zimbabwe under the new dispensation, it will see Zimbabwe again grow by a pace that will enable us to catch up with the rest of the SADC region countries or the rest of developing countries," Mnangagwa added.

Mozambican President Filipe Nyusi expressed his support to Mnangagwa's words.

"Whenever you have time to go home, go and look at the menu of opportunities that now exists at home ... We will do our best to accommodate you on your way of specialization," he said.

Mnangagwa took office two months ago and has vowed to revitalize the country's sluggish economy through a series of measures, including stamping out corruption, opening the country to foreign investment and inculcating a new culture of hard work in Zimbabweans.

The price of a loaf of bread in 2008 was 16 million Zimbabwe dollars. The same loaf of bread cost more than 100 trillion Zimbabwe dollars in 2009. Enditem