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Insight: Post-Mugabe Zimbabwe set to frustrate eager investors

Reuters  |  HARARE 

By MacDonald Dzirutwe and Joe BrockHARARE (Reuters) - A European investor's phone rings in a Harare restaurant and it's good news: an $80 million construction deal has been agreed with the Zimbabwean government. All that's needed now is a central bank guarantee letter. It never arrives.President Emmerson Mnangagwa, who took power when Robert Mugabe was removed in a de facto coup last November, has been trying to woo investors ahead of an election on July 30, a contest in which he is the narrow favourite.Mnangagwa, a 75-year-old former ally of Mugabe, says he has already secured $15 billion of ...

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First Published: Fri, July 13 2018. 14:51 IST