Zimbabwe, South Africa sign investment protection deal

Posted by 7Star Sunday, November 29, 2009

Zimbabwe signed an investment protection agreement with neighbouring South Africa on Friday in a bid to draw funding to fix its battered economy, but doubts remain over the security of foreign-owned assets. The Bilateral Investment Promotion and Protection (BIPPA) treaty took five years to hammer out, but Zimbabwe's new unity government pushed for the pact with the continent's economic powerhouse as part of efforts to raise over $10 billion required to rebuild its economy.

0 comments

Post a Comment

Labels

Followers

Archive

BlogCatalog