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Zimbabwe Political Crisis Corrosive to Investor Confidence - Minister

Zimbabwean Industry and Commerce Minister Welshman Ncube told a business audience in Harare on Wednesday that the unity government crisis will deter much-needed foreign direct investment in Zimbabwe.

The crisis in particular had discouraged investors currently talking with the government about taking a stake in the Zimbabwe Iron and Steel Company or ZISCO.

Economist Prosper Chitambara told reporter Jonga Kandemiiri of VOA's Studio 7 for Zimbabwe that disengagement by the Movement for Democratic Change of the Morgan Tsvangirai formation has damaged confidence among investors.

More reports from VOA's Studio 7 for Zimbabwe...