UK Diaspora sends investment mission to Zimbabwe

UK Diaspora sends investment mission to Zimbabwe
Published: 07 December 2017 (672 Views)
The Zimbabwe Diaspora Investment Group Limited (ZiDIG), a private equity investment consortium launched by Zimbabweans based in the UK, will lead an investment mission of Diaspora investors to Zimbabwe in January 2018.

The Zimbabwe Diaspora Trade and Investment Mission, which will include at least 20 Zimbabwean professionals and entrepreneurs based in the UK, is set to meet with senior government officials, business leaders and trade bodies to explore various investment opportunities for Zimbabwe’s Diaspora.

"We are finalising our itinerary for the trade mission which we will publicise shortly" said ZiDIG’s chief executive officer Taffi Nyawanza said.

Nyawanza said he had always been an optimist when it came to Zimbabwe as an investment destination for the Diaspora population and the developments in the country in the last two weeks of November have added an exciting dimension for ZiDIG.

"We were certain that change was imminent when we set up ZiDIG and our timing as well as faith in the country and its opportunities have been vindicated," said Nyawanza, a practising lawyer and principal solicitor at UK legal firm Genesis Law Associates.

He said although ZiDIG already had plans in place to launch its Zimbabwe offices, the changes in the country have made it necessary to include an investment mission comprised of Diaspora investors with interests in various sectors of the economy.

"We believe that Zimbabwe is an exciting investment destination and we have reached out to various institutional investors who are equally excited about investing and unlocking value in the economy and creating jobs".

The mission, in the 10 days, is expected to sign various agreements that will lead to the efficient channelling of Zimbabwean Diaspora investment funds into the country.

ZiDIG in February at its launch in UK’s second city Birmingham, raised from its founding shareholders  £100 000 into a seed fund to leverage larger institutional investor funding.

In addition to this, the consortium recently secured a grant from a UK Developmental Institute to, among other things, open an operations office in Harare, Zimbabwe.

The Zimbabwe operations head office opened in Eastlea in Harare will coordinate Diaspora trade and investment activities including carrying out due diligence on projects and businesses seeking foreign investment.

- dailynews

Tags: Diapora, UK, Zimbabwe,
 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Zimbabwe teachers demand salaries in US$

by newzimbabwe | 20 October 2018 | 45 Views

'Chamisa's Alliance plotted a coup against Mnangagwa'

by Staff reporter | 20 October 2018 | 53 Views

Demand for Indian sex sweets rises

by Staff reporter | 20 October 2018 | 46 Views

'Chamisa won't be contested at congress' - no vacancy in MDC presidium

by Staff reporter | 20 October 2018 | 48 Views

Mthuli Ncube calls for political reforms

by Staff reporter | 20 October 2018 | 49 Views

Mnangagwa's minister exposed charging in USD refuses Bond notes

by Staff reporter | 20 October 2018 | 39 Views

Zimsec engages Deloitte And Touch over exam leaks

by Staff reporter | 20 October 2018 | 37 Views

The White Man who sent fear down Mugabe's spine

by Globe and Mail | 20 October 2018 | 35 Views

Human rights violations down in Zimbabwe

by Stephen Jakes | 20 October 2018 | 27 Views

Mliswa pleads with Finance minister to see importance of MPs vehicles

by Stephen Jakes | 20 October 2018 | 21 Views

Electric Tesla car causes stir on Zimbabwe social media

by Staff Reporter | 20 October 2018 | 33 Views

Zimbabwe army officers warned

by Staff reporter | 20 October 2018 | 37 Views

Biti savages Mthuli Ncube

by Staff reporter | 20 October 2018 | 33 Views

Zanu-PF backers justify army use of deadly force

by Staff reporter | 20 October 2018 | 31 Views

Zimbabwe tax system hit by low compliance levels

by Staff reporter | 20 October 2018 | 26 Views

Price controls, tinkering with the deck while the titanic is sinking

by Jacob Mafume, MDC National Spokesperson | 19 October 2018 | 196 Views

Man nearly killed over cooking oil

by Simbarashe Sithole | 19 October 2018 | 184 Views

Mnangagwa closing in on unscrupulous businesspeople

by Staff reporter | 19 October 2018 | 199 Views

Prophet sells congregant's vehicle

by Staff reporter | 19 October 2018 | 165 Views

Zanu-PF's Dexter Nduna confirmed Chegutu West MP

by Staff reporter | 19 October 2018 | 114 Views

Mnangagwa caps 1719 graduands

by Staff reporter | 19 October 2018 | 87 Views

ZCTU calls for resignation of Minister Gumbo

by Stephen Jakes | 19 October 2018 | 242 Views

Mnangagwa has to deliver and, urgently too

by Staff reporter | 19 October 2018 | 252 Views

Zanu-PF dictatorship, ideological dominance

by Vivid Gwede | 19 October 2018 | 169 Views

ZCTU, why spare Bulawayo council over rates hike

by Conway Tutani | 19 October 2018 | 156 Views

Motlanthe Commission risks playing into Zanu-PF agenda

by Staff reporter | 19 October 2018 | 208 Views

Councils challenged to generate own income

by Staff reporter | 19 October 2018 | 136 Views

Zimbabwe gender parity misses 50% mark, says Mohadi

by Staff reporter | 19 October 2018 | 99 Views

Zanu-PF official, sangoma jailed over pangolin scales

by Staff reporter | 19 October 2018 | 160 Views

Mliswa mocks Gender Commission

by Staff reporter | 19 October 2018 | 144 Views

Police harass senior Masvingo journalist

by Stephen Jakes | 19 October 2018 | 128 Views

Zimbabwe gold exports decline by 21%

by Staff reporter | 19 October 2018 | 149 Views

Zimbabwe drops in World Economic Forum rankings

by Staff reporter | 19 October 2018 | 162 Views

Village Inn exonerates Supa Mandiwanzira

by Staff reporter | 19 October 2018 | 123 Views

Zimbabwe army killings probe hots up

by Staff reporter | 19 October 2018 | 148 Views

Mthuli Ncube's 2% tax sparks confusion

by Staff reporter | 19 October 2018 | 125 Views