Harare- THE recently appointed Special Presidential Investment Adviser Tempter Paul Tungwarara has embarked on his mandate of conducting mutual engagements on behalf of the government through a strategic partnership with T Ten Global Sports,Express Mail Zim can report.
The strategic partnership enhances the nation’s global profile and attracts significant foreign investment.
The initiative aligns with President Emmerson Mnangagwa’s vision of showcasing Zimbabwe as ‘Open for Business’ and leverages international platforms to highlight the country’s substantial economic potential.
“T Ten Global Platform for Zimbabwe’s Vision intertwined with their viewership exceeding 500 million on television and OTT platforms, and a social media reach of 2.5 billion across 100 countries, T Ten’s cricket leagues offer Zimbabwe an unparalleled opportunity to promote its investment prospects. The partnership will be officially be launched at the ADT10 Cricket League in Abu Dhabi, positioning Zimbabwe as a premier destination for international business,” read a statement by the partners.
Zimbabwe’s economic landscape
under President Mnangagwa’s leadership, Zimbabwe has experienced notable economic growth with the 2023 GDP valued at $26.54 billion, reflecting a 4.5% growth rate from the previous year.
The nation also attracted significant investments (FDI) across various sectors.
In the Beverages sector came in Varun Beverages, the bottling partner of PepsiCo with an investment of over $40 million, creating employment opportunities and bolstering the manufacturing sector.
In the mining sector, Zimbabwe is endowed with vast mineral resources, including lithium, platinum, gold, and diamonds. Investments from companies such as Zhejiang Huayou Cobalt and Prospect Resources which positioning Zimbabwe as a key player in the global green energy revolution.
In the real estate and infrastructure sector, UAE-based conglomerate Mulk International is developing the $500 million Zim Cyber City in Mount Hampden while in the renewable energy sector , collaborations with international firms are underway to harness the country’s’ abundant solar and hydropower resources, supporting sustainable energy solutions and reducing reliance on non-renewable sources.
Commenting on this development ,Preside Mnangagwa said:
“Zimbabwe is open for business, and this partnership with T Ten Global Sports is a testament to our commitment to engaging with the world. Through T Ten’s extensive reach, we will showcase Zimbabwe as a thriving hub for investment and innovation. This collaboration marks a significant step forward in building our nation’s global reputation and economic future.”
*
T Ten Global Sports chairman Shaji Mulk said he was honored to partner with Zimbabwe to deliver a transformative vision.
“Through T Ten’s five global leagues, we will ensure that Zimbabwe’s message reaches key markets, connecting the nation with influential investors and creating new opportunities for growth and collaboration,” he said.
Tungwarara said the partnership reflects Zimbabwe’s forward-looking strategy for international outreach.
“By leveraging T Ten’s global media presence, we will amplify the message that Zimbabwe is ready for business and global partnerships. It has been a privilege to contribute to this historic initiative.”
.
