European Investment Bank eyeing Zimbabwe

As ties between Harare and Brussels continue to improve following re-engagement efforts between Zimbabwe and the European Union, the European Investment Bank (EIB) is eyeing investments into the Southern African country’s financial services sector. European Union’s ambassador to Zimbabwe, Timo Olkkonen, told ZTN that the bank was keen on local investment but needed assurance that government would implement investor-friendly policies.

Owned by the 28 EU countries, the EIB borrows money on capital markets and lends to the EU and neighbouring or developing countries.