Online Reporter
Online Reporter
International Global Group (IGG) has signed a joint venture agreement with Zimbabwe’s Outcomes Consulting to launch commercial operations spanning mining, construction, and manufacturing, as the southern African nation steps up efforts to attract foreign investment.
The agreement, signed in the presence of Deputy Tourism Minister Tongai Mafidi Mnangagwa, will see IGG establish a special purpose vehicle with Outcomes Consulting to manage its local operations. IGG was represented by partner, Mr Issa Kassem and Global CEO, Mr Andrew Hammond, while Outcomes was represented by chairman, Mr Kudzai Owen Mnangagwa.
IGG, which has investments across multiple continents, said Zimbabwe’s growth prospects made it an attractive market despite persistent concerns about currency volatility and investment risk.
“We are excited to establish our presence in Zimbabwe and contribute to the country’s economic growth,” Mr Kassem said at the signing ceremony.
“This commitment reflects our confidence in the country’s potential and our intent to work closely with Outcomes Consulting and other local stakeholders.”
The venture is expected to generate new jobs, stimulate private-sector partnerships, and boost activity in key industries, including mining and infrastructure.
Mr Mnangagwa, Outcomes’ chairman, said the deal underscored Zimbabwe’s growing appeal to foreign investors.
“Zimbabwe is a rising giant, and Outcomes Consulting is committed to attracting and structuring investments that can unlock the country’s industrial potential,” he said.
Deputy Minister Mnangagwa welcomed the move, saying it reflected the government’s efforts to create a more favorable business environment.
“We look forward to working with IGG to ensure the success of their commercial activities,” he said.
The signing comes as Zimbabwe seeks to diversify its economy and expand investment inflows into mining and infrastructure, sectors long viewed as critical to long-term growth.
