By Staff writer
PROPERTY development guru, Dr Tinashe Manzungu says real estate and property development has the potential to drive the country’s development and economic growth.
He said this while delivering a public lecture at the London school of Economics and Political science recently.
“Zimbabwe has a strong foundation and a willingness to accelerate future economic growth and development with real estate being the primary driver for the development,” Dr Manzungu said.
“Real estate development has shaken off the Covid-19 cloud in Zimbabwe with the increase in demand for rental space, suburban offices and industrial properties at 5.4 percent year on year from 2022.”
Dr Manzungu, is a businessman who is renowed in the areas of property developement, construction, medical insurance,microfinance and real estate.
He added that Africa is a fertile ground for investment in real estate due to the rapid growth of urbanization, which presenta opportunities for investors.
“Africa is emerging as a potential hotspot for real estate investment due to its rapid urbanization, rising middle-class population, increased foreign direct investment, and improving business environment,” Dr Manzungu added.
The businessman was last Friday presented with an award for ‘Excellence in Leadership and Global corporate enterprise in Africa’ at the African Achievers Awards Ceremony held at the House of Lords, United Kingdom parliament.
Other prominent personalities who have previously won the prestigious award include the late South African cleric Archbishop Desmond Tutu,former Tanzanian President Jakaya Kikwete as well as former South African minister Nkosazana Dhlamini-Zuma.
