he Inaugural Nyaradzo Trade and Investment Fair kicked off on Friday and ends on Sunday 18 September. As part of the opening remarks of the founder and host of the event the Group CEO of Nyaradzo, Mr Philip Mataranyika praised his colleagues in the private sector for expanding their services into the UK. He also urged the Zimbabwean private sector to have a coordinated approach to its potential UK market by easing access to goods and services in Zimbabwe through a strategically coordinated network under one banner for trade.
In addition, Mataranyika urged the diaspora to continue to invest back home by using much more secure services and he passionately stressed that the rationale behind the trade fair was to enhance safer and secure access to services through building a network of businesses whose services are vital to the UK diaspora markets.
For many years, Zimbabwe has been regarded as a regional economic hub and a launching pad for both domestic and international businesses, making the Trade & Investment Fair appealing to investors look- ing to establish themselves in both the Zimbabwean and UK markets. The country is heavily investing in trade and infrastructure, particularly in the insurance industry’s rethinking towards financial inclusion and implementation of fintech solutions, which Nyaradzo Group is a shining example of.
Stanbic Bank Zimbabwe Head, Consumer and High Net Worth Clients, Nelson Muhau was one of the guests of honour at the Fair, said the institution has a mutually beneficial business partnership with Nyaradzo and this relationship has seen Stanbic Bank being invited to be one of the exhibitors at the Fair.
Muhau said Stanbic Bank will capitalise on the opportunity to meet Zimbabweans in the UK and draw their attention to the institution’s Diaspora Home Loans product.
“Our Home Loans team will meet clients face to face and answer their questions as we advise them on the facilities through which they could build, renovate or purchase homes back home through Stanbic Bank Zimbabwe,” said Muhau.
The Standard Bank Group subsidiary is also the main sponsor of the Vaka-Ekhaya Property Investment Expo scheduled for 24 September in West Bromwich, UK.
Muhau said the main thrust of the Vaka-Ekhaya Expo is to discuss Property investment opportunities in Zimbabwe.
He said the Zimbabwe community in the United Kingdom presents a unique investment and development case as Zimbabweans abroad are always seeking for ways to have some form of investment back home.
We believe this property expo, as intended, will afford them a platform to invest in residential and commercial property back home thereby opening streams of income, stimulate the property markets as well as bringing the much-needed infrastructure development in the country,” said Muhau.
Muhau will be one of the key note speakers at the Vaka-Ekhaya Expo sharing about property investments back home as the institution also plays its part in bringing housing solutions for the diaspora.
The Bank offers mortgage finance to the diaspora for the acquisition of completed houses, construction of new properties, home and property improvements and equity release.
“We are basically reaching out to our diaspora market. Those in the UK who want solutions back home in terms of housing and commercial properties. From a national perspective Stanbic is also playing its part in reducing the housing backlog which is around 1.4 million,” he said.