Bulawayo, September 19, 2025 – Zimbabwe has a significant opportunity to boost its economy by leveraging its vast diaspora and foreign direct investment (FDI), economist Dr. Rogers Dhilawayo said during the second day of the Zimbabwe Economic Development Conference (ZEDCON).
“Africa’s diaspora remittances currently total an impressive $42 billion, highlighting the immense financial impact of Africans living abroad,” Dr. Dhilawayo said. “Meanwhile, FDI flows into Africa stand at around $50 billion, reflecting growing investor confidence in the continent.”
With over 2 to 3 million Zimbabweans living overseas, Dr. Dhilawayo stressed the importance of harnessing not only financial capital but also the expertise and skills of the diaspora. “This is about more than money — it’s about knowledge transfer and innovation that can position Zimbabwe as a key investment hub in the region,” he emphasized.
The economist called on Government to pursue targeted measures, such as issuing diaspora bonds to mobilize investment from Zimbabweans abroad. “Diaspora bonds offer a practical way to raise development capital while increasing diaspora ownership in the country’s future,” he explained.
He also urged the creation of investment opportunities that align with diaspora interests and skills, and recommended forging partnerships between diaspora professionals and local institutions to encourage skills transfer. “These collaborations can accelerate sustainable development and drive economic growth.”
Dr. Dhilawayo concluded that if these strategies are effectively implemented, Zimbabwe’s economy could see a notable turnaround. “Engaging actively with our diaspora and investor communities could mark a pivotal moment in our nation’s economic recovery,” he said.
