Hwange (Indonsakusa-New Ziana) – A Hwange business group has said it was seeking strategic partnerships with local and foreign firms to attract investment to the coal-rich district.
Hwange District Indigenous Business Association chairman, Jacob Lunga said the group was seeking investment in all sectors of the economy, and its endevours were in line with the government’s Vision 2030 of growing Zimbabwe’s economy to an upper middle income level.
It particularly wants to draw investment to Hwange, a district rich in coal, wildlife and other natural resources whose development potential is vast.
“Hwange District Indigenous Business Association is a developmental organization which has over 100 members in different economic sectors and this year we are embarking on an investment drive seeking strategic partnerships with local investors as well as foreign investors,” Lunga said.
The association draws its membership from sectors such as mining, tourism, farming and retail sectors, and has more than 100 members at the moment.
“In order for us to successfully drive investment into Hwange, we will also be sharing ideas together with different business organizations such as ZNCC (Zimbabwe National Chamber of Commerce) and farmers’ unions, among others,” Lunga said.
Among other things, the association is spearheading the Sinebimbi Agricultural Project, Nguminja Granite Quarries and Coal Mine Town Venture.