Post-Mugabe Zimbabwe set to frustrate eager investors


  • World
  • Friday, 13 Jul 2018

FILE PHOTO: A woman walks along an empty street in the central business district of Harare, Zimbabwe, July 6, 2016. REUTERS/Philimon Bulawayo/File Photo

HARARE (Reuters) - A European investor's phone rings in a Harare restaurant and it's good news: an $80 million (60.92 million pounds) 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.

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