Posted 01:13 PM, Thursday November 21, 2024 2 min(s) read

Photo by: Jedidah Ephraim
BULAWAYO, Nov. 21 (AGCNewsNet) – Investors from the United Kingdom and Czech Republic have visited Bulawayo to explore opportunities in sustainable development, energy solutions, and healthcare as part of ongoing efforts to revive the city’s economy, which has been significantly impacted by de-industrialisation.
The delegation, led by former tennis star, Radek Stepanek, and engineer, Andrew Graham, expressed interest in introducing green energy solutions and fostering partnerships with local universities and businesses.
“We are eager to partner Bulawayo and Zimbabwe as a whole in going green,” Graham said. “Our fuel additive technology, compatible with blended fuels, offers a solution to mitigate environmental challenges while also creating local job opportunities.”
The delegation’s focus includes positioning Zimbabwe as a regional leader in sustainable energy while facilitating knowledge transfer and technological advancement.
In addition to energy, the delegation is considering significant investments in Zimbabwe’s private healthcare sector, aiming to enhance infrastructure and stimulate local business opportunities.
Economist Calvin Chitsunge welcomed the growing foreign interest, attributing it to economic reforms aimed at improving Zimbabwe’s business environment. “Economic reforms and efforts to attract foreign investment are key to driving industrialisation and growth,” Chitsunge said.
Bulawayo, once Zimbabwe’s industrial hub, has struggled with factory closures and economic decline, leaving areas like Belmont deserted. Efforts to revitalise the city have included the Distressed Industries and Marginalised Areas Fund and the Zimbabwe Economic and Trade Revival Facility, though both initiatives have seen limited success due to inadequate funding.
The new interest from foreign investors is viewed as a potential turning point, with the proposed projects offering a pathway to address environmental challenges, create jobs, and foster industrial growth in one of Zimbabwe’s most historically significant economic centers.