Call to invest in Mozambique
LOCAL companies and individuals should consider investing in neighbouring Mozambique, especially in the west and southern parts of that country, where there is fertile agricultural land and mining opportunities, a businessman has said.
In a recent interview with The Herald, Mr Douglas Nhando, who is based in Mozambique, said locals should explore investment opportunities in the neighbouring country.
“In as much as we are gladly welcoming investors into the country for economic revival as Zimbabweans, we should as well grab the opportunity to invest in foreign lands that have not yet been explored,” said Mr Nhando.
“Mozambique is a country with a lot of potential in almost all sectors, but is just lagging behind in terms of expertise. It is no use to be crying foul that our industries have died and the youth are unemployed, yet we have a country like Mozambique right at our doorstep.”
Mr Nhando said there were a lot of opportunities in Nampula, Manica and Zambezia provinces because of the vast arable lands and mining opportunities available.
“Mozambique has vast arable lands and mining opportunities that are yet to be explored,” he said. “Zimbabwe, on the other hand, is an agricultural nation with extensive expertise in both crop and animal husbandry, as well as technical expertise in mining and other sectors.
“Those in Manicaland are nearest to Mozambique and should capitalise on the education and expertise they have to invest in the neighbouring country. We have the Chinese who fly all the way from China to explore and invest in African countries, yet we are failing to invest in something that is right next door.”
Mr Nhando urged Zimbabweans willing to invest in foreign lands to form mutually beneficial alliances.
He said the fact that Mozambique imported most of its products presented opportunities to local investors.
“As Zimbabweans, we should stop always playing second fiddle and get into those markets and supply our products and services,” he said. “How can South Africans be ahead of us when we are just next to the markets?”