PRESIDENTIAL Advisor and chairman of Prevail International Group (Prevail), Paul Tungwarara, says the country is a natural attraction for serious investment.
Tungwarara, who has had his investment advisory scope to President Emmerson Mnangagwa recently expanded, also says he will continue to serve and dispense his duties faithfully.
Speaking to the Daily News earlier this week, Tungwarara said the country’s investment climate, notwithstanding a few tweaks to certain policies —was a reflection of the government’s commitment to securing more investors.
“Zimbabwe is very attractive to serious investors. We have seen investments under the second republic, especially in mining and agriculture — attracting huge investment.
“In my previous role — officially and remotely — I played my part in attracting the investors that are now part of the local economy. I promise to carry on and redouble my efforts in promoting our economy and the country’s policies that continue to improve the ease of doing business,” Tungwarara told the Daily News.
He added that he will escalate his efforts to bring to finality business promises by some of the United Arab Emirates billionaire businessmen — especially those from Emaar Properties and Damac Properties, respectively.
Damac Properties is a premier luxury real estate developer based in Dubai and was founded in 2002 by Hussain Sajwani.
Emaar Properties developed the iconic Burj Khalifa — the mega skyscraper dominating the Dubai skyline.
“These are the people we are targeting to invest in Zimbabwe. They are huge in real estate. They met the president on the sidelines of the World Governments Summit, in Dubai at the beginning of this year.
“We would like to escalate the processes that should end up with them investing in various sectors of the economy,” Tungwarara added.
Meanwhile, Tungwarara said he would soon be meeting with partners to make sure that the empowerment programmes are well oiled.
“The target is to make sure that by year-end every village has received the empowerment funds and in line with the president’s mantra of leaving no place and no-one behind.
“We will also be meeting with village cell chairpersons to make sure they receive empowerment bicycles and closely supervise the empowerment programmes in their areas’’.
Tungwarara has steadily built the Prevail International Group into a recognisable diversified indigenous company, with interests straddling transport, agriculture, mining, construction and ICT.