Chronicle Editor
Business Reporter
DIVERSIFIED life and funeral services provider, Nyaradzo Group, is set to host an inaugural trade and investment fair in the United Kingdom this week aimed at attracting diverse investments mainly targeting the diaspora community.
The fair will run from Thursday up to next Monday at Nyaradzo House in Letchworth Garden City, Hertfordshire and the group expects to host 700 delegates who have already registered.
In a notice, the group said exhibitors ranging from financial services, fashion, arts, construction and agriculture would participate.
“This year’s edition is expected to have a high level of international participation due to the diversity of Nyaradzo’s stakeholders.
“Over 700 people have registered so far, including exhibitors ranging from financial services, fashion, arts, construction, agriculture and many others,” reads part of the notice.
The Nyaradzo Group said for many years Zimbabwe has been regarded as a regional economic hub and a prime launch pad for both domestic and international businesses, which makes the forthcoming trade and investment fair appealing to investors looking to establish themselves in both the Zimbabwean and UK markets.
“The country is heavily investing in trade and infrastructure particularly in the insurance industry’s rethinking towards financial inclusion and implementation of fintech solutions, which Nyaradzo Group is a shining example of,” said the company.
The Hertfordshire office was officially opened in 2021.
Under the New Dispensation led by President Emmerson Mnangagwa, Zimbabwe is championing a number of economic reforms including engagement with the diaspora community and potential international investors to revamp the country’s economy through revival of industries, robust infrastructure and technology development in keeping with global standards.
The Second Republic views the diaspora as an important stakeholder in the national development of the country whose initiatives are critical towards the attainment of Vision 2030 goals.
Zimbabwe has set itself a task of building the economy and transforming Zimbabwe into an upper middle-income economy by 2030, with per capita income of at least US$3 400.
This has seen establishment of a diaspora investment framework to promote private-public partnerships aimed at facilitating Diaspora consortiums.
While the Government has pledged to receive its citizens back home, there have been calls to facilitate new investments to widen the job market and absorb returning citizens.
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