dpm mutambara 18.11.10.jpgThe private sector has expressed its commitment towards fundraising US$20 million for University of Zimbabwe’s capital projects that are expected to transform the institution into a world class university when complete.

The initiative is being spearheaded by the Deputy Prime Minister, Professor Arthur Mutambara to raise part of the US$70 million required by the institution.

Confederation of Zimbabwe Industries President, Dr Joseph Kanyekanye said the private sector should start realising the role played by the institution of higher learning in moulding business leaders, hence the need to work closely with the university’s business department.

KM Financial Solutions Chief Executive Officer, Mr Kenias Mafukidze said there is need for the adoption of a proper strategy for students to carry out researches on macro-economic fundamentals for the achievement of a US$100 billion economy by 2040.

The Permanent Secretary in the Ministry of Higher and Tertiary Education, Dr Washington Mbizvo said higher learning institutions are constrained hence the need for the private sector to actively participate in assisting colleges.

The University of Zimbabwe has 15 priority projects that require US$70 million for their implementation, which include the capitalisation of the institution’s endowment fund, setting up a video conferencing link and a geo-information and earth observation centre.