Ghanaian billionaire arrives in Zimbabwe

Ghanaian billionaire arrives in Zimbabwe
Published: 28 November 2018 (3814 Views)
In the past year, Zimbabwe has attracted a new clique of international entrepreneurs, colloquially referred to on social media platforms as briefcase businessman.  Zimbabwe's twitter is awash with pessimistic commentaries and jokes about these supposedly multi-million dollar investment proposals. Some commentators view them as the government's public relations initiatives to divert Zimbabwean's attention from bread and butter issues.  The country has ambled from one investment promise to the next and failed to attract serious pedigree investors with a proven track record until now.



The arrival of Ghanaian mining magnate Sir Samuel Jonah, Chairman of Ashanti Goldfields on Wednesday has heightened optimism in government offices and business circles. The Billionaire recently set up an investment vehicle, Polytimos Ousia Capital with local businessman Mr. Thabani James Moyo. The company was established with the sole purpose of investing in the mining sector. During his stay, he will meet President Mnangagwa and other government officials.

We managed to speak to his business partner Mr. Moyo.

"This is an exciting opportunity for Zimbabwe. Sir Jonah brings invaluable knowledge and expertise in the mining sector. His highly regarded international business reputation and acumen will give confidence to other potential investors who are interested in establishing a local presence"

The Zimbabwe mining sector could indeed benefit from Sir Jonah's international business network and invaluable experience in the country's quest for economic growth. Sir Jonah grew Ashanti from a single mine to the second largest gold producer in the world.

The Billionaire started his working life breaking rocks miles underground and rose to the highest echelons of the mining world, brokering multi-billion dollar deals in boardrooms across the globe. A pioneer and true pan-African, the charismatic Sir Jonah has attracted fellow Ghanaians to the country's once foreign-dominated mining sector with an "Africanization policy", that insured his countrymen also prospered in the mining sector. Many African mining executives across the continent credit Sir Jonah for opening and paving the way.

According to Thabani James Moyo, Sir Jonah will be in the country until Thursday and will meet President Mnangagwa, government officials and the business community. Moyo who has a vast network of high net-worth individuals across the globe interested in investing in Zimbabwe is excited about the country's future prospects.

"Zimbabwe’s potential in numerous sectors such as mining and tourism cannot be ignored, we are a sleeping African giant"

The new administration has been successful in making the country's business environment less bureaucratic. However, the investment climate in Zimbabwe is still reeling from the previous administration's draconian laws that hampered foreign investment.

Sir Jonah is the second African Billionaire to visit Zimbabwe in recent years after the world’s richest Blackman, Nigerian business magnate, Aliko Dangote visited the country last year to invest in a cement factory. The project has since been put on hold after the businessman and his team were left frustrated by the then Mugabe government.

President Mnangagwa whose ambition is to create a Zimbabwean middle-class by 2030, has labeled his administration as a "new dispensation" that is "open for business", one fervently hopes Sir Jonah’s business  efforts in Zimbabwe run smoothly and encourage other investors to take a punt and tap into Zimbabwe’s enormous potential and perhaps start a torrent of investments.

Maya Chisenga
africayourafrica@gmail.com


- Maya Chisenga

 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Investigate the Pay-for-your-house Scheme of the 90s

by Thomas Murisa | 17 July 2019 | 54 Views

Patience Zirima travelled to London

by Patience Zirima | 17 July 2019 | 53 Views

inDriver starts recruiting Harare drivers

by Staff reporter | 17 July 2019 | 58 Views

NSSA pensioners are 'roasting wire' with poverty

by Thomas Murisa | 17 July 2019 | 45 Views

Zimbabwean engineers and innovators invited to enetre competition

by Staff reporter | 17 July 2019 | 54 Views

ZHRO responds to Nick Mangwana

by ZHRO Team | 17 July 2019 | 51 Views

'Kambarami has a string of legal battles'

by 1893MRM | 17 July 2019 | 43 Views

Solar energy is forever

by Thomas Murisa | 17 July 2019 | 56 Views

Bulawayo, the Umthwakazi African City Concept

by Prince Zwide Khumalo | 17 July 2019 | 46 Views

Fifa 'colonising' African Football

by BBC | 17 July 2019 | 55 Views

Minister July Moyo sends team to deal with Bulawayo Council

by Mandla Ndlovu | 17 July 2019 | 60 Views

Chamisa summons Bulawayo 'puppet' councillors to Harare

by Staff reporter | 17 July 2019 | 66 Views

WATCH: Prophet Chiza gives solution to Zimbabwe

by Mandla Ndlovu | 17 July 2019 | 68 Views

7 educational apps which will help you be a proactive student

by Staff reporter | 17 July 2019 | 63 Views

7 educational apps which will help you be a proactive student

by Staff Writer | 17 July 2019 | 48 Views

Two Zimbabwe businessmen murdered in South Africa

by Mandla Ndlovu | 17 July 2019 | 138 Views

Suspected CIOs send live bullets to ZCTU leaders

by Mandla Ndlovu | 17 July 2019 | 85 Views

Army Boss spying on Auxilia Mnangagwa transferred

by Mandla Ndlovu | 17 July 2019 | 151 Views

Coltart alerts International community of death threats

by Staff Reporter | 17 July 2019 | 113 Views

Tendai Biti calls Mnangagwa advisor a 'fool'

by Staff Reporter | 17 July 2019 | 110 Views

Chronicles of a Trial Observer

by Richard Mugobo | 17 July 2019 | 49 Views

Kirsty Coventry throws massive bash in honour of Oliver Mtukudzi

by Mandla Ndlovu | 17 July 2019 | 67 Views

Unpacking the MDC RELOAD document

by Etiwel Mutero | 17 July 2019 | 55 Views

Police crush anti-Mnangagwa demonstration...leaders arrested

by Mandla Ndlovu | 17 July 2019 | 84 Views

Another resounding victory for Zimbabwe

by Daniel Itai | 17 July 2019 | 181 Views

Duty waiver on solar equipment

by Staff reporter | 17 July 2019 | 144 Views

Govt to announce workers' package

by Staff reporter | 17 July 2019 | 181 Views

Chinese to invest US$15m in solar plant

by Staff reporter | 17 July 2019 | 110 Views

Perrance Shiri warns defaulting new farmers

by Staff reporter | 17 July 2019 | 144 Views

City ups trenching fees from $10 000 to $100 000

by Staff reporter | 17 July 2019 | 104 Views

Gabriel writes off Bosso debt

by Staff reporter | 17 July 2019 | 106 Views

Zimbabwe Gems thrash Barbados

by STaff reporter | 17 July 2019 | 97 Views

Prophet in murder & robbery gang

by Staff reporter | 17 July 2019 | 105 Views

Bulawayo town clerk back at work, Kambarami in court

by Staff reporter | 17 July 2019 | 80 Views