Wednesday, March 29, 2006

Investment: American companies not interested in Zimbabwe

Christopher Dell, the US Ambassador to Zimbabwe, has told local media that not a single American company has enquired about investment opportunities in Zimbabwe in 18 months.

He told The Standard, "I will confess that my year and half here have been quite extraordinary in that I haven't had one US investor, potential US investor, come and visit and to make enquires about the usual kind of background information they gather when doing due diligence about investing in a country."

Dell said only 25 US companies remained in Zimbabwe doing business either as subsidiaries of companies or "more typically as representative offices of American firms".