by Tawanda Musariri
A South African Capital Source Market, Pamwe Capital, has put its eyes on investing in Zimbabwe’s lucrative energy, agriculture, construction, manufacturing and tourism industries.
Making presentations during a partners' breakfast meeting in Harare today, Pamwe Capital Executive Director Dr Cleopas Sanangura told delegates that his investment vehicle was seeking opportunities in aviation, transport, tourism, agriculture, manufacturing and power generation. He said his organisation has been playing midwife between businesses in South Africa and the Zimbabwean investment market for some time. He took special mention of the tireless work done in this endeavour under former Zimbabwean Ambassador to South Africa Ambassador Isaac Moyo.
Dr Sanangura said, “We are working with the Gauteng Growth Development Agency, to identify projects South African companies may be interested in Zimbabwe.
Regards investment in energy, the Pamwe capital boss said, “We are looking at investing in a 500MW project in the short term period.
“We are also looking at obtaining a concession to build a railway line connecting Harare and Chirundu to Lusaka. This will remove the burden on the road network as bulk cargo will be transported via this railway link,” he added.
In agriculture, Pamwe seeks to finance 100 000 hectares of land under soya bean to the tune of $20 billion. The crop is expected to capacitate the soy value chain, top among them being bio-energy development. Dr Sanangura said Zimbabwe’s agriculture output is on high demand in Asia, Australia and South Africa due to its non GMO content.
“We seek to use agriculture as a vehicle for economic turnaround, an investment we expect to begin to produce results in two years,” said Sanangura.
In tourism, Pamwe capital seeks to develop two golf courses in Victoria Falls as well as erecting a 7 star hotel in the resort town.
Responding to the proposed tourism investment bounty, Minister for Environment, Tourism and Hospitality industry Honourable Senator Priscah Mupfumira said Government through President Emmerson Mnangagwa’s counsel, is ready to donate land for such lucrative purposes once it satisfies itself with the paperwork of forthcoming investors.
In the same vein, Mobeen Motara an organisation of an air rally involving 100 airlines is expected to bring in US$2.7 billion in investment and the tourism value chain. If granted the requisite government certification, said Motara, the event will take place in the second half of 2020.
In his remarks, Guest of Honour on the business meeting, Minister for Lands, Agriculture, Water, Climate and Rural Resettlement Retired Chief Air Marshall Perrance Shiri assured the visiting investment executives that the ball was in their court to satisfy government with their intent so that it can grant them the requisite certification in their chosen areas of investment.
