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Lloyd Gumbo Senior Reporter

Government is committed to creating an environment that promotes investment as evidenced by the recent clarification of the Indigenisation and Economic Empowerment Act by President Mugabe.

Acting President Mnangagwa made these remarks when he officially opened the Third Zimbabwe Accountants Conference in Harare today, saying investment would enable the country to meet its triple objectives of poverty reduction, economic growth and shared prosperity.

He also implored accountants to help Government fish out corruption both in the public and private sectors.

“A lot of confusion had arisen regarding the Indigenisation and Economic Empowerment policy with the unfortunate effect of undermining the confidence of the business community, including current and potential investors,” said Acting President Mnangagwa.

“This was owing to conflicting positions regarding the interpretation of the policy. His Excellency, the President and Commander-in-Chief of the Zimbabwe Defence Forces, Cde R.G Mugabe recently clarified Government’s position.

“The policy was introduced to deliberately empower the historically disadvantaged indigenous Zimbabweans and to grant them ownership and control of the country’s means and factors of production. The objective is to enable Zimbabweans to be significant players in the mainstream of the country’s economy.”

The conference is running under the theme: “Partner, collaborate and grow”.

Details to follow…..