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US-Africa Leaders Summit Sparks Investment Interest in Africa, Zimbabwe

At least 47 African leaders attended the US-Africa Leaders Summit. African Union Commission chairperson Nkosazana Dlamini-Zuma also attended the summit. (Photo: VOA).

The exclusion of Zimbabwe President Robert Mugabe from the just ended US-Africa Leaders Summit, generated a lot of discussion, in favor and against the decision.

However, for potential investors, Zimbabwe still offers investment opportunities, despite the targeted sanctions on President Mugabe and some of his close associates.

President and CEO, Stephen Hayes, of the Corporate Council on Africa, one of the largest private investment companies in the U.S., with close to 200-member countries, including 34 from Africa, says his company has scheduled a trade mission to Zimbabwe in November, to explore business opportunities in infrastructure, tourism and IT.

He says the sanctions don't affect them as long as they don't do business with those on the targeted list.

Hayes says the US has been slow to invest in Africa, compared to China and other nations, but the time is right, now.

Interview with Stephen Hayes, Corporate Council on Africa
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