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Icaz engages diaspora community in bid to unlock investment



THE Institute of Chartered Accountants of Zimbabwe (Icaz) is engaging the diaspora community to invest in the country by taking advantage of opportunities availed by the government’s thrust to promote the ease of doing business.

Zimbabwe has a huge population in the diaspora who are contributing to the economy in various ways including through remittances. Remittances reached US$700 million by mid-year and are projected to surpass US$1 billion by year-end.

Icaz will be hosting a four-part diaspora engagement webinar series from 16 September starting with the the Americas for part one, on Zoom, at 7pm Central Africa Time, Europe and Middle East for part two, Africa for part three and Australia and Asia for part four.

The series will feature senior government officials, regulators and investment authorities. It seeks to engage Zimbabwean professionals in the diaspora on matters of the economy and investment opportunities.

The webinar will be hosted in collaboration with the Securities and Exchange Commission of Zimbabwe (Secz) and the Zimbabwe Investment and Development Agency (Zida) and is open to all Zimbabwean professionals in the diaspora.

Icaz technical manager Owen Mavengere, who will be the moderator, said the discussions are meant to raise awareness around the opportunities that exist and initiate the investment conversation with the diaspora community.

“We are starting from a point where we need to raise awareness around the platforms that exist. We have Zida (Zimbabwe  Investment and Development Agency) that was created for the ease of doing business. We want to highlight these so that the diaspora can take advantage of the platform. We also want to raise awareness around the opportunities for Securities and Exchange Commission of Zimbabwe,” Mavengere said.

“The purpose of the webinar is to get the conversation going, and it is also a chance to know the concerns. Their concerns will also reach the ear of the President because the people participating in the webinar like the minister of Finance and Economic Development (Mthuli Ncube) and Zimbabwe’s ambassador to the United States, Tadeous Chifamba, report to him.”

Other people who will be part of the discussion are Zida  CEO Douglas Munatsi , Secz CEO Tafadwza Chinamo and Icaz vice-president Davison Charamba. — Staff Writer.


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