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UAE investors land in Harare with multi-million dollar investment package

Nyashadzashe Ndoro

CHIEF REPORTER

A high-powered delegation of investors from the United Arab Emirates touched down in Harare last night, bearing gifts of investment opportunities and aid worth millions of dollars.

The Ploutus team, comprising top investors from Dubai and the United States, is set to inject fresh capital into Zimbabwe's economy, focusing on revamping the railway system, mining, low-cost housing, energy, and agriculture.

Their visit follows President Emmerson Mnangagwa’s successful trip to the UAE, where he met with the investors to discuss potential projects.

The delegation’s leader, Luis Vega, expressed their commitment to supporting the government’s efforts in mitigating the effects of the El Nino-induced drought.

“We’re here to collaborate and invest in your country, providing much-needed aid and resources to help you recover from the devastating impact of the drought,” he said.

The investors, including former NBA star Alex McLean, are eager to explore opportunities in various sectors, including sports.

McLean, now a successful businessman, is excited to develop Africa’s vast sporting talent.

“I’m thrilled to be here and thank President Mnangagwa for this opportunity. Africa has so much potential, and I’m looking forward to investing in Zimbabwe’s sports sector,” he said.

Special Presidential Investment Advisor, Paul Tungwarara, who is leading the delegation, is optimistic about the potential investments. “They’re keen on investing in various sectors, and we’re excited to showcase the opportunities available in Zimbabwe.”

Legislator and CAPS Football Club owner, Farai Jere, praised the President’s engagement and re-engagement drive, saying it’s now paying dividends.

“The President’s efforts to re-engage with the international community are bearing fruit, and we’re excited to see these investments come to life.”

As the delegation begins its exploration of investment opportunities, it will also get a chance to meet the head of state and government ministers to examine areas of collaboration.

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