The United Kingdom-Zimbabwe Business Expo, scheduled for October, is poised to be a major event in boosting the economic relationship between Zimbabwe and its Diaspora community.
The expo, organized by the Zimbabweans in Diaspora Organisation (ZIDO) and Vaka Ekhaya, aims to open up significant investment opportunities and encourage wealth creation, aligning with the Zimbabwean government’s initiative to involve the Diaspora in the country’s economic progress.
Set to be held at the Bethel Convention Centre in Birmingham, the event is anticipated to attract a large number of Zimbabweans from the UK and other regions, positioning itself as a crucial platform for strengthening economic ties and leveraging the Diaspora’s impactful contributions.
With an expected turnout of at least 5,000 participants, the expo will be a key gathering for the substantial Zimbabwean community in the UK.
Moreover, the expo will be live-streamed, allowing a global audience to engage in the event and expanding the reach of the products, services, and investment opportunities being presented.
For policymakers, this event aligns with Zimbabwe’s strategy to encourage investment from the Diaspora.
One of the main goals of the expo is to tackle the challenges Zimbabweans abroad face when trying to invest in their homeland.
Despite a strong interest in contributing to Zimbabwe’s economy, many Diaspora members struggle due to a lack of reliable information, making them vulnerable to fraudulent schemes.
In 2023, remittances from the Diaspora soared to an impressive US$3 billion, a significant rise from $1.66 billion in 2022, according to recent data.
