German businesses looking for stability in Zimbabwe

Germany's ambassador to Zimbabwe said German businesses are playing a ‘wait-and-see game’ before they will invest in the troubled country. New Zimbabwe reports that Thorsten Hutter said Germans wanted assurances about the security of their investment as well as clarity on policy. ‘One of the issues that has been raised by both Germany and Zimbabwean CEOs is that they want a reliable policy context. They want to know what the rules and regulations are between now and say for the next four years,’ Hutter was quoted as saying. As previously reported in Legalbrief Today, Germany last week said it is seeking compensation for land seized from its citizens during Zimbabwe's controversial land reforms. Hutter was quoted as saying that the issue of compensation was ‘an urgent and important’ one as it was part of the re-engagement dialogue between the southern African country and the EU.