News / National
Govt plans to woo diaspora investors
21 Apr 2022 at 11:35hrs | Views
GOVERNMENT has tasked Foreign Affairs minister Frederick Shava to come up with a diaspora engagement strategy to woo Zimbabweans who work outside the country to contribute towards economic development.
This was revealed at a post-Cabinet media briefing in Harare by Information Communication Technology minister Jenfan Muswere, who promised to issue land to diasporans for business purposes.
He said government would create a "friendly environment and policy framework to harness social, economic, political, and cultural dividends" from people in the diaspora.
"The promotion of the investment by diasporans to their country is part of the second republic's engagement and re-engagement thrust. The diaspora remittances have been one of the key foreign currency contributors in the past. Cabinet will also deliberate on how best to unlock knowledge and skills transfer and philanthropic work from people in the diaspora," Muswere said.
He said government would avail industrial shells and land to eligible diasporans for construction of specialist hospitals and industries.
"Government will also facilitate the establishment of joint ventures between diasporans and land owners for the production and export of high quality agricultural products and any other investments in other areas."
This was revealed at a post-Cabinet media briefing in Harare by Information Communication Technology minister Jenfan Muswere, who promised to issue land to diasporans for business purposes.
#PostCabinetPressBriefing 20 April 2022 https://t.co/sCqoO5M90k
— Ministry of Information, Publicity & Broadcasting (@InfoMinZW) April 20, 2022
He said government would create a "friendly environment and policy framework to harness social, economic, political, and cultural dividends" from people in the diaspora.
"The promotion of the investment by diasporans to their country is part of the second republic's engagement and re-engagement thrust. The diaspora remittances have been one of the key foreign currency contributors in the past. Cabinet will also deliberate on how best to unlock knowledge and skills transfer and philanthropic work from people in the diaspora," Muswere said.
He said government would avail industrial shells and land to eligible diasporans for construction of specialist hospitals and industries.
"Government will also facilitate the establishment of joint ventures between diasporans and land owners for the production and export of high quality agricultural products and any other investments in other areas."
Source - NewsDay Zimbabwe
