By: Abdul Razack Gbla
The Zimbabwean Ambassador Christopher Mutsvangwa, Special Advisor to President Emmerson Mnangagwa of Zimbabwe has assured a Nigerian High Priest, The Chief Executive Officer of the world’s premium lubricant; Rowe Oil Nigeria, Chief Chukwudi Nnaji (Onwa Igwurubeze of highly profitable investment opportunities in Zimbabwe, particularly focused on leveraging Zimbabwe’s vast agricultural potential and favourable investment climate.
According to the Presidential Adviser, Zimbabwe boasts up to ten thousand game reserves, making it an ideal location for agricultural investments. He emphasized that with proper irrigation, investors could achieve significant returns. He further noted that the agricultural sector is driven by experienced stakeholders, including war veterans, who own some of the country’s most productive farms.
He encouraged the Nigerian delegation to explore Zimbabwe as a key market for investment, stressing that the country has successfully attracted major foreign investors in the past. Citing an example, he revealed that during his tenure, he facilitated Chinese investment in Zimbabwe’s tobacco industry, which has since flourished. The initiative led to the registration of 200,000 tobacco farmers, generating an annual revenue of approximately $1.4 billion from tobacco sales.
“We have built strong agricultural infrastructure that can be replicated to develop many other products,” Special Advisor to President Emmerson Mnangagwa of Zimbabwe said. “This existing system ensures that investors can maximize returns while contributing to Zimbabwe’s economic growth.”
He also highlighted Zimbabwe’s commitment to agricultural education, stating that many young people across various villages have received training to enhance productivity. He assured potential investors that Zimbabwe has strategically identified high-yield areas for agricultural produce, making it easier for businesses to thrive.
In response, the Nigerian High Priest, The Chief Executive Officer of the world’s premium lubricant; Rowe Oil Nigeria, Chief Chukwudi Nnaji (Onwa Igwurubeze expressed optimism about the investment prospects and affirmed their commitment to launching agricultural ventures in Zimbabwe. He outlined a phased investment approach, with short-term goals focused on assessing the business environment before committing to large-scale projects.
“The short-term phase will help us understand the environment and identify key opportunities before we embark on major projects,” the Old Guru stated.
Beyond agriculture, he acknowledged Zimbabwe’s growing population as a promising factor for business expansion. He disclosed plans to invest in the real estate sector, with a particular focus on low-cost housing, to cater to the country’s housing demands.
With this partnership, Zimbabwe could witness increased foreign investment, potentially boosting its agricultural and real estate sectors while strengthening economic ties between the two nations.
