Zimbabweans in the diaspora to invest 1 billion dollars in projects

6 years ago
Mon, 07 Aug 2017 00:08:51 GMT
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Zimbabweans in the diaspora to invest 1 billion dollars in projects

In an interview during his tour of Arda Antelope Estate in Maphisa, Matabeleland South, last Friday, Acting President Emmerson Mnangagwa said that Zimbabweans in the diaspora are expected to invest over a billion dollars in three projects.

Mnangagwa said that the deals were a result of an investment conference he spearheaded in South Africa. The projects include a National Railways of Zimbabwe recapitalisation programme, purchase of agricultural equipment and construction of fuel pipelines from Harare to South Africa, Botswana and Zambia.

According Mnangagwa South Africa’s Transnet and the Diaspora Infrastructure Development Group bid $500 million to rehabilitate NRZ. He also said that there is a group of white Zimbabweans based outside the country who want to build a pipeline from Beira to Mutare or from Mutare to Harare, Harare to Botswana and Harare to Lusaka.

More: Herald

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