Pamwe Capital has proposed to invest in Zimbabwe’s key economic development sectors as a response to the country’s openness for business.
Speaking at a breakfast meeting organised by Pamwe Capital at a local hotel in Harare, Priscah Mupfumira, the Minister of Environment, Tourism and Hospitality Industry said Zimbabwe has good opportunities for investors especially given the view that the country is ranked the 3rd Must-visit Tourist Destination for 2019 in the world.
“Zimbabwe is already like a volcano erupting. Recently, we were voted number 3 must-visit tourist Destination for 2019 in the world. This means we are the best in Africa and ranked top ten in the globe. This is why we are encouraging serious investors in the country, Mupfumira said.
The Tourism Minister took the opportunity to complement Pamwe Capital Partners for bringing the investment proposal saying if granted, it will go a long way in attracting potential investors in the sector.
“I would like to acknowledge Pamwe Capital for its wonderful proposals to the sector and also for making us host this programme. Indeed, Zimbabwe is open for business. Zimbabwe is in need of serious investors,” she added.
Speaking at the same occasion Pamwe Capital Partners Investment Executive Director, Dr Cleopas Sanangura, said if granted the opportunity, his organisation will invest in various sectors including agriculture, infrastructure development and the tourism sector.
“Our quest is to develop Victoria Falls into a tourism hub. We would like to establish the Sun City Type Resort and build 7-star hotel. In agriculture will be looking at establishing Grower Schemes for different plans and identifying regional market for non GMO products.”
The Minister of Lands, Agriculture, Water, Climate and Rural Settlement, Rtd General Perrance Shiri who was Guest of Honour applauded Pamwe Capital Partners Investment for developing interest to invest in various sectors.
“On behalf of the government of Zimbabwe I would like to applaud Pamwe Partners for their various programmes proposed as they will benefit various sectors of the country including the tourism sector,” he said.
The Government recognises mining, tourism, agriculture and manufacturing industries as key economic sectors with the potential to increasingly contribute to the national economic turnaround of Zimbabwe.
These sectors are supported by the energy and transport sectors, which areas are also critical to economic development.
Minister Shiri added that with respect to agriculture, the Programme presents quick-win investment opportunities for realisation of self- sufficiency and food surpluses that will see the re- emergence of Zimbabwe as a major contributor to agricultural production and regional food security in the Southern Africa region and beyond.
“One of my key result areas is to guarantee food security in the country. I am looking forward to more a detailed discussion on your Farmer Grower Funding Scheme presentation.
“There are various areas which have untapped opportunities in manufacturing. This is an area earmarked to be a key driver in the economy going into 2030. Government is hard at work looking at ways of capacitating the manufacturing sector.”