Zimbabweans in the diaspora have realised the need to invest back their funds following a 40 percent increase in remittances which have overtaken foreign direct investments (FDI) during the first half of the year.
Diaspora remittances are now ranked second in terms of capital inflows after export earnings from key five commodities, gold, tobacco, platinum, chrome and nickel.
Economists therefore contend that the need to ensure more remittances flow into the economy is important in ensuring a 3.7 percent growth rate is achieved.
They said (economists); “What is now needed is just that need to ensure more is done to tap the funds and increase earnings”.
Capital inflows are being needed to sustain key economic sectors as well as providing a platform for consolidating macro-economic gains.