Tungwarara appointed special Presidential investment advisor

Herald Reporter

PRESIDENT MNANGAGWA recently appointed businessman, Dr Paul Tungwarara, as the Special Presidential Investment Advisor to the United Arab Emirates.

He will report to Foreign Affairs and International Trade Minister Professor Amon Murwira. “I, Emmerson Dambudzo Mnangagwa, President of the Republic of Zimbabwe, by the powers vested in me by the Constitution of Zimbabwe Amendment (No. 20) Act 2013, do hereby appoint Tempter Paul Tungwarara Special Presidential Investment Advisor to the United Arab Emirates from the date of signature of these presents,” said the President in a statement.

He added that Dr Tungwarara will serve a renewable term of two years, and is authorised to “conduct mutual engagements on behalf of the Government” on issues within his “domain of responsibilities”.

The President added: “I would be most grateful if the relevant authorities, who acknowledge this appointment, could grant him all the privileges, facilities and immunities, which other presidential advisors have in similar circumstances.”

Dr Tungwarara has already made strides in positioning Zimbabwe as an attractive investment destination for high-profile global investors, including Mahomed Alabbar, the owner of the Burj Khalifa — the world’s tallest building — who has expressed interest in developing hotels in Zimbabwe.

Mr Alabbar, a key figure in Dubai’s business circles, leads ventures in various sectors, including fashion, real estate and commodities.

Additionally, Dr Tungwarara has fostered a partnership with PSI Real Estate, an affiliate of DAMAC, one of Dubai’s leading luxury real estate developers. At home, he is spearheading several Government-backed initiatives aimed at improving lives and promoting sustainable development in Zimbabwe. Through the Presidential Borehole Scheme, he is overseeing the installation of boreholes in rural communities.

Dr Tungwarara is also involved in the Presidential Solar Scheme, a project geared towards addressing Zimbabwe’s energy needs and reduce reliance on the national grid.

The initiative, which has already been piloted in Glen View, Harare, involves installing solar panels on rooftops at no cost to homeowners.

The energy generated will be fed into the national grid.