Zimbabwean tycoon in major investment drive
Zimbabwean tycoon Danny Mavura Huruyadzo is mulling at investing a substantial of money in Africa, mainly in the Sadc region. The bulk of the money is destined for his businesses in Zimbabwe, including construction, mining and infrastructure development, among others In line with the aspirations of Vision 2030.
Huruyadzo, who is embroiled in a multi-million-dollar deal with his erstwhile business associates based in South Africa, said it was time he expand his investments across southern Africa.
He is an emerging businessman whose net worth is over US$100 million dollars.
The large chunk of the investment would cater for mining and infrastructure development in Zimbabwe and South Africa.
“I started small in the business sector,” Huruyadzo said.
“I am now a big boy and aiming to invest millions of dollars in my country and South Africa.
“I hope to expand across the region.”
Despite losing a larger chunk of money in the deal that involves a South African company, Cashfields (Pvt) Ltd, Huruyadzo believes he has what it takes to make a big business portfolio in Southern Africa.
“Like I said, I started within the small and medium enterprise sector and developed my business to compete with the big ones,” he said.
“It’s possible and I am looking at improving my network so that I collaborate with other like-minded businesspeople in and outside the country.
“Business partners are most welcome.”
The businessman said he was happy that the government has put in place policies that promote promotion opportunities and enhanced access for local businesses.
“It’s fortunate that we have a government that is allowing us to grow while at the same time growing the economy, thanks to the National Development Strategy 1 and other policies,” Huruyadzo said.
“Zimbabwe needs infrastructure, from roads to housing and we are the people to do it.
“We welcome foreign investors willing to partner us in this development trajectory.”
Huruyadzo encouraged other businesspeople to join the development course.
“Whoever doesn’t invest, be out of fear or caution, will be left behind,” Huruyadzo said.
Huruyadzo said part of the money he realised from a South African multi-million deal would go towards investment.
He claims his local projects were shrouded in uncertainty since he did not show much of what he does despite being among some of the big investors in the country.