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Diaspora Matters

Diaspora Investment Idea No 2: Pub at Westgate

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Expect this page to feature general investment advice targeting the Diaspora Community. I will provide at least 2 investment ideas per month and last week I gave you advice on Water Parks, this weekend we are still in the Entertainment Sector and look at Westgate or Mashonaland East.

So Westgate Shopping Centre does not have a pub and iam basing this information on my last visit to this shopping mall 2 months ago. There has been no pun/club at this Old Mutual owned property for several years and we don’t know why. The last popular pub at this mall is Megga 2 which later on relocated to Hatfield. Since the departure of Megga 2, no one has come to open a new pub at this busy shopping mall.

Still on the entertainment sector have you visited Paramount yet? Paramount is the ‘place to be’ in Harare. The open air venue was opened a few months ago and has already become a hit. Getting parking space after 7:00pm during the weekends is a difficult task. Hararians are flocking to this new joint in huge numbers. It looks like Mereki, Zindoga and Kwa Farai have been overtaken by Paramount. The huge numbers of people flocking this place shows that business opportunities exist in Harare especially on the Entertainment sector-vanhu havasi kurega kufara despite economic challenges!

So if you are a Diasporan who will be back home in December here is a tip.. Visit Mereki, Zindoga, Kwa Farai, Mutangadura, Ziko, Megga 2 and then Paramount. Do analyse trends from these areas and consider opening your own place near Westgate along Harare Chirundu Road. Hakuna open air nzvimbo yemafaro direction ye Westgate, so ukashaya nzvimbo pa Old Mutual owned mall, then usanetseke zvakanyanyisa-enda a few kilometres near Mt Hampden and establish a good venue that is family friendly like Paramount and Megga 2.

All the best

 

 

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Victor Muchemwa

The author Victor Muchemwa

Victor Muchemwa is a Chartered Management Accountant, ACMA, CGMA and an award winning business coach and consultant. Author of 5 books and skilled in financial analysis, strategic planning, risk management, and business coaching. Contact +263 773 055 063
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