THE HON. DEPUTY MINISTER OF FINANCE AND ECONOMIC DEVELOPMENT, DR S UNDENGE; THE ZIA CEO, AND MEMBERS OF THE MANAGEMENT TEAM AND STAFF.
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1 ADDRESS BY THE ZIA BOARD CHAIRPERSON, MR NIGEL M.K. CHANAKIRA AT THE ZIA BUSINESS GOLF CLASSIC PRIZE GIVING COCKTAIL AND ZIMBABWE INVESTOR AWARDS LAUNCH: CHAPMAN GOLF CLUB, 15/10/2013 SALUTATIONS THE HON. DEPUTY MINISTER OF FINANCE AND ECONOMIC DEVELOPMENT, DR S UNDENGE; PERMANENT SECRETARIES AND OTHER SENIOR GOVERNMENT OFFICIALS HERE PRESENT; FELLOW ZIA BOARD MEMBERS HERE PRESENT THE ZIA CEO, AND MEMBERS OF THE MANAGEMENT TEAM AND STAFF. REPRESENTATIVES OF ALL OUR SPONSORS AND OTHER PARTNERS HERE PRESENT. DISTINGUISHED GUESTS, LADIES AND GENTLEMEN;
2 INTRODUCTION I would like to express my utmost gratitude to the ZIA team and all our cooperating partners for organising and putting together such an important event for networking and exchanging ideas on investment in Zimbabwe. For those of you who participated in the business golf tournament, I hope you had an enjoyable golfing afternoon as much as I did. As you may be aware from the invitations sent to you, this afternoon s golf tournament and this evening s cocktail function have been organised as a build-up to the first ever Zimbabwe Investor Awards dinner to be held on 26 November, My task this evening is to officially launch the Zimbabwe Investor Awards to this gathering and to the whole nation at large. Hon Deputy Minister, Ladies and Gentlemen, in 1994 John Elkington coined a phrase Triple Bottom Line' as he advanced the concept of responsible investment. A triple bottom line simply measures the company's economic value, "people account" which measures the company's degree of social responsibility and the company's "planet account" which measures the company's environmental responsibility. It is from this understanding that ZIA has sought to establish Investor Awards that seek to recognize and reward the contributions of local and foreign investors operating in Zimbabwe across wide ranging disciplines and sectors of the economy so as to encourage responsible investment as encapsulated in the various categories under consideration.
3 PURPOSE OF AWARDS Ladies and gentlemen, the recipients of the Investor Awards will be companies that have demonstrated commitment and excellence in their operations. In the last decade or so in Zimbabwe, quite a significant number of companies exited the country in search of opportunities elsewhere, whilst others managed the situation through scaling down and restructuring, among other strategies. This is commendable and we need to acknowledge those companies and individuals who have managed to soldier on and stay the course even through the era of economic hardships in the country. Hon. Deputy Minister, Ladies and gentlemen, we are aware that there are other groups of investors who have adopted a wait and see attitude and are sitting on the fence, in the process missing out on lucrative prospects and opportunities in the country. We want to urge such investors to take a stance and grab the abundant investment opportunities available in the country, now. The country is on the move and there is nothing to wait for. OVERVIEW OF THE INVESTOR AWARDS The inaugural Investor Awards are going to have a total of 32 categories, with the Headline award being the ZIA Investor of the Year Award. Other notable awards include the Green Business Award, Source Country Award and Lifetime Investor Awards. This last award was initially mooted as a single award but in planning; I am informed that it became clear that there are numerous companies that deserve the Award coming from different sectors, hence the expansion to make it sectoral. The organizing committee has also put together an impeccable team of independent Adjudicators, including an independent auditor to make the Awards as credible, free and fair as possible.
4 STRUCTURE OF THE AWARDS The awards are going to have five broad categories: 1. Top 5 Source Markets (Investing Countries) Nominations shall be considered for the top five source markets (countries) for investment into Zimbabwe. The Awards will be presented to Ambassadors as a demonstration of goodwill in promoting FDI into Zimbabwe from their home countries, shown in the number of new applications and value of investment approvals, among other criteria. 2. Sector Awards (Energy, Manufacturing, Mining, Agriculture, ICT, Construction, Tourism and Financial Sectors ) For this category there will be a local and foreign investor to be awarded. 3. Green Business Investor Award This award centres on the recognition that the environment is extremely valuable and business should seek to sustain it. Points will be awarded to investors that have shown concern about the environment and have taken innovative measures to maintain, rehabilitate/restore or enhance the environment, whether aquatic, land based or atmospheric. 4. Life Time Investor Awards (Energy, Manufacturing, Mining, Agriculture, ICT, Construction, Tourism and Financial Sectors ) This Award looks to history and recognises the length of time an investor has operated in Zimbabwe, commitment to this market, support to local business and individuals, significance of products/services, jobs created, exports
5 generated and integration with social fabric (Zim product identity) among other things. 5. Investor of the Year Award This is the highlight and special key award which will look at current statistics such as; job creation, exports or imports displacement, value of project, innovation, industrialisation, supply chain development and contribution to taxes. WHAT ZIA IS DOING Ladies and gentlemen, this programme of recognising investors in Zimbabwe is in line with ZIA s thrust of offering value propositions to investors and increasing its visibility not only to the international investors but also to the local investors. Apart from the normal promotion and facilitation services, ZIA offers local and foreign investors the following value added services: o Concept development o Professional packaging of local projects for joint venture partnerships with foreign investors o Match-making of local and foreign investors for joint ventures o Availing market information concerning Zimbabwe o Assisting investors in accessing necessary permits and licenses. Having said that, ZIA has various programmes that we have lined up for this purpose and you will be hearing more about them in the short term. With these brief remarks, let me execute my mandate this evening, which is to officially launch the Zimbabwe Investor awards. I therefore declare the ZIA Investor Awards 2013 OFFICIALLY LAUNCHED.
6 We hope to see all of you on the 26 th of November 2013 at the Rainbow Towers. Who knows, you may be a recipient of one or more of the various awards. Our ZIA team will be reaching out to you with the modalities for participating in the awards. I therefore encourage all of you to participate in this historic event. I THANK YOU
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