The number of Zimbos in Dubai has been increasing over the past few years. A lot of professionals have been finding jobs in the oil rich Gulf Region. A number of the people who emigrated are looking for opportunities to invest in back home and ZBIN would like to assist them in decision making.
One of the areas to invest in is the Information and Technology sector; buying and selling IT equipment such as laptops, printers, cellphones etc. Demand in this sector is growing, the number of young adults in Zimbabwe is estimated at 67% and this generation represents a huge market for the products. Most of the products sourced from the region are sold at more than thrice the cost in Dubai. The products can be sourced cheaply in bulk in the Middle East Region.
How to do it?
Partner with locals who put in 50% stake in the business ‘never partner with anyone who is not putting in an equal share especially in the current environment’. Get a formal partnership and ship in these goods for sale in the country. Be of course wary of the fluctuations in the forex exchange and price your products accordingly.
Do not just plunge into the business without enough market surveys and business researches especially on the import duties charged.
We wish our hard working cousins in the Gulf States success as they analyse investment options back home.
