Will Foreign Investors Help Zimbabwe To Transform Itself?

(idexonline.com) - Six months after Robert Mugabe was ousted from office, there appears to be a new-found confidence among investors that Zimbabwe has, at last, become a place where they can safely do business. Recently, Botswana Diamonds signed a Memorandum of Understanding with gold miner, Vast Resources, which will see the firms exchange information derived from past exploration on areas prospective for diamonds in Zimbabwe. In addition, they will create a jointly owned body which will develop diamond resources in the southern African country in line with Zimbabwe's joint ownership laws as they relate to diamonds. "Zimbabwe is a country with excellent diamond potential,” said John Teeling, Chairman of Botswana Diamonds.  “Both Botswana Diamonds and Vast Resources have extensive experience in and knowledge of the country.  It is opening for business and both companies are keen to make the most of this opportunity.”