• 26B Seke road, Hatfield, Harare
  • (263) 4 573 601-3
  • info@zela.org
  • 26B Seke road, Hatfield, Harare
  • (263) 4 573 601-3
  • info@zela.org

RESPONSIBLE INVESTMENTSAND BUSINESS

While government’s economic blue print, Zim Asset has many defects, the fact that it is anchored on exploitation of natural resources to trigger economic growth is a vitally interesting position for us. We totally agree and recognize that investment in the natural resources sector is key for economic growth. However, the problem is that some laws and policies adopted by government do not attract and promote responsible investments and businesses. We are concerned about failure by government to create a conducive and predictable political and legal environment due to policy implementation inconsistencies. By responsible investors we refer to business practices that protect and promote human rights, the environment, labour rights and public disclosure of contracts and revenues. These are values that are not being applied by many local and foreign businesses-some of whom are opportunists taking advantage of a government desperate for investors. The country has been opened up to investors who are solely concerned about profits and not about the social impacts of their activities at all. They internalize profits and socialize the negative impacts. This situation requires independent monitoring and provision of advice to government.

READ MORE