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Hilbroy Advisory: Zimbabwe PM wants to create a $100 bn economy
Hilbroy Advisory: Zimbabwe PM wants to create a $100 bn economy
The economy stabilized after the government abandoned the worthless local currency in 2009, allowing trade in US dollars and other major foreign currencies.
Montreal,
Quebec,
Canada
(prbd.net)
02/05/2011
Montreal, Quebec, April 29th, 2011– Hilbroy Advisory Inc. (DeutcheBörse: 2H0) Hilbroy Advisory Reports: Zimbabwe Prime Minister Morgan Tsvangirai said on Sunday only his opposition Movement for Democratic Change can save the economy from "total demise" and grow it by 10 percent a year for 30 years.
The "vision is to create a $100 billion economy in the next 30 years," Tsvangirai told an MDC congress that confirmed his re-election as party leader late Saturday.
"It is only an MDC government that has capacity and support to grow this economy by about 10 percent every year," he said.
"Only an MDC government, which I am proud to lead, has the capacity to redeem this economy from total demise."
The southern African country suffered a decade of runaway prices amid hyperinflation.
The economy stabilized after the government abandoned the worthless local currency in 2009, allowing trade in US dollars and other major foreign currencies.
Zimbabwe's economy has showed signs of recovery since President Robert Mugabe and Tsvangirai formed a power-sharing government in 2009 to end deadly political violence sparked by their presidential run-off election in 2008.
But uncertainty over new elections tipped for this year has scared off new investors, who also worry about Mugabe's threats to take over foreign firms.
Although no dates have been set for the polls, Mugabe and his ZANU-PF party have said elections should be held this year, while Tsvangirai and his MDC party want reforms to ensure a level playing field first.
Tsvangirai said an annual growth rate of ten percent would attract investors.
"If we grow the economy by that margin every year, we will be creating jobs for our young people in the process," he told the congress.
"We will begin to see investment in mining, infrastructure development, agriculture, health, education, in the hospitality industry and all other sectors."
Tsvangirai thanked regional leaders for their support in efforts to stabilize Zimbabwe and expressed the hope that southern African and continental blocs "will continue to support our efforts to reject attempts to manipulate the will of the people".
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.
Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.
Contact:
Jean François Amyot
HilbroyAdvisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates", "believes", "could", "expects", "intends", "may", "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
About
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
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