Second Republic Sparks Surge in Diaspora Investment Confidence

Zimbabwe's investor-friendly reforms under the Second Republic are boosting confidence among diaspora Zimbabweans, with rising remittances, growing investment interest, and increased participation in national development initiatives in line with Vision 2030.

The country's "open for business" policy thrust continues to spur investment interest from citizens living abroad, with growing confidence attributed to investor-friendly reforms under President Mnangagwa's leadership. The government and business sector have commended the renewed momentum that is seeing Zimbabweans living abroad responding positively to President Mnangagwa's mantra of "nyika inovakwa nevene vayo," which aims to increase participation of the diaspora community in the national economic agenda.   Follow & Share Our WhatsApp Channel

The Zimbabweans in the Diaspora Organisation (ZIDO) has emerged as a pivotal player in facilitating engagement platforms that bring together government, private sector, and diaspora investors to identify and pursue bankable opportunities in line with Vision 2030. Recently, ZIDO hosted its annual 2025 Diaspora Homecoming and Business Summit in Harare, attracting government delegations, corporates, and diaspora communities, with investment opportunities topping the agenda.

The growing role of the diaspora is reflected in remittance inflows, which rose from about $1.4 billion in 2021 to $2.2 billion in 2024, with projections indicating the figure could surpass $2.7 billion for 2025. Addressing delegates at the summit, Deputy Chief Secretary for Policy Analysis, Coordination, and Development Planning, Dr. Willard Manungo, reaffirmed the government's commitment to creating a conducive investment climate for Zimbabweans living abroad.

As the country prepares for the implementation of the National Development Strategy 2 (NDS2), calls have intensified for increased investment that supports rural industrialization and modernization, an area where diaspora investors are being encouraged to play a greater role. ZIDO chairman Mr. Blessed Kapesa said the summit's theme, "Coming Home to Build," resonated with national development priorities.

Mashonaland Central Province has begun recording tangible benefits from diaspora-led investments, particularly following investment expos held in the United Kingdom. Provincial Affairs and Devolution Minister, Cde Christopher Magomo, said restored investor confidence is translating into on-the-ground projects.