News:Govt Launches National Diaspora Directorate To Boost Remittances

<vote /> Government has launched the National Diaspora Directorate as part of efforts to enhance engagement and the participation of Zimbabweans in the diaspora in the national development agenda.

This is in line with the National Diaspora Policy that was launched last September to boost remittances from Zimbabweans living abroad. In the six months to June 2016, diaspora remittances amounted to $387,9 million, an amount 15 percent lower than $457 million received in the same period last year.

Speaking at the launch, Macro Economic Planning and Investment Promotion Minister Dr Obert Mpofu said,

The Diaspora has a huge untapped potential which should be taken advantage of. Government in collaboration with the IOM (International Organisation for Migration) came up with a diaspora policy to create an enabling environment conducive for investment promotion. The Diaspora Directorate will have a dedicated database grammes to enhance dialogue with the diaspora for investments back home. The initiative also seeks to minimise the negative effects of brain drain the country suffered over a decade ago following an economic meltdown.

Read More: The Herald


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