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Diaspora Matters

Projected Spending Plans By Zimbabweans

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Our forum has not been active of late and we would like to apologize to our regular followers. We have been busy putting together probably Africa’s best entrepreneurship book. Working closely with more than 1000 entrepreneurs-It is an early Xmas gift for every entrepreneur in South Africa.

Back to Zimbabwe, we have held peaceful elections and thought all was in order, unfortunately some hiccups came along the way. We however  remain hopeful that our political leaders will find common ground and work for the betterment of the country. We need to uplift our country in terms of economic, social and political development. We are already behind and need to catch up fast, there is no time to waste.

We remain positive that a solution will be found sooner rather than later.

So assuming there is an all clear signal given by investors and the international community, which areas are Zimbos going to be spending money on?

Here are our top areas

1. Real Estate
2. Investing in small businesses
3. Entertainment (luxury goods)
4. Energy
5. More use of ICT

Your first hint: Watch closely adverts of banks offering mortgages.This of course is not going to happen in the next few weeks or months but its coming. Our financial system needs to improve in terms of liquidity and availability of credit. Banks will need to encourage clients to bank formally and save. In order to do this, they are going to provide incentives such as bank loans, mortgages and interest on savings. When mortgage becomes available then expect many clients to queue up and access them. This will spur aggregate demand in the economy and result in the demand of more products and services.

Most urban areas are expected to expand with new suburbs coming up to replace old ones. This is the real gold for investors, if you do not make your next million dollar fortune in the real estate sector then forget about making it in Zimbabwe.

We will continue this discussion on our Facebook Page.

For now thank you for reading, do expect our monthly newsletter on Friday this week

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