The government’s open door policy since November 2017 has attracted investors into the country with the latest being a US$20 billion funding proposal on agriculture, tourism and energy brought by an asset management company.
Pamwe Capital Partners made the proposal this Friday morning in Harare and if approved, the asset management company is looking to fund the production of 100 million tonnes of soya beans annually by having efficient and effective out-grower schemes.
In tourism, the Victoria Falls special economic zone status will be used to build the first 7-star hotel in Zimbabwe among other things as a way of upgrading the resort town to become the economic hub of the country.
The Minister of Lands, Agriculture, Water, Climate and Rural Resettlement Retired Air Chief Marshal Perrance Shiri, who was the guest of honour, welcomed the proposals saying when they materialise, Zimbabwe will not only be food self-sufficient, but will see a lot of upstream and downstream economic linkages being opened.
According to Environment, Tourism and Hospitality Industry Minister Prisca Mupfumira, Zimbabwe’s tourism product is a complete package that is just awaiting serious investors to tap into after being voted number 3 in the world and a must visit tourism destination for 2019.
Pamwe Capital Partners is also finalising a US$1.5 billion project that will see the company setting up a bus and trailer manufacturing factory in Mt Hampden by the first quarter of 2019.
Among the investors under the Pamwe Capital Partners include Global Centre of Excellence who are into air transport and are interested in the tourism sector.