Connect with us

Hi, what are you looking for?

BUSINESS NEWS

President Mnangagwa Re-appoints Dr. Paul Tungwarara as Special Investment Adviser to UAE

Zimbabwean Investor Paul Tungwarara Scoops Top Honor at Africa Investment Leaders Awards

President Emmerson Mnangagwa has re-appointed businessman Dr. Paul Tungwarara as the Special Presidential Investment Adviser for the United Arab Emirates, with the appointment taking immediate effect.

“I, Emmerson Dambudzo Mnangagwa, President of the Republic of Zimbabwe, by the authority vested in me under the Constitution of Zimbabwe Amendment (No. 20) Act 2013, hereby appoint Tempter Paul Tungwarara as Special Presidential Investment Adviser to the United Arab Emirates effective from the date of signing this document,” announced President Mnangagwa.

In this new role, Dr. Tungwarara will serve for a renewable term of two years. He is empowered to engage with UAE officials and conduct business on behalf of the Zimbabwean government within his area of expertise.

Also read: Prophet Magaya Plans To Build Stadium In Kwekwe

Dr. Tungwarara will report to the Minister of Foreign Affairs and International Trade, Professor Amon Murwira.

Advertisement. Scroll to continue reading.

The President also requested that Dr. Tungwarara be accorded the same privileges, facilities, and immunities as other presidential advisers in comparable roles.

Dr. Tungwarara has already taken significant steps to boost Zimbabwe’s profile as a favorable investment hub. Among his achievements, he has attracted the interest of prominent international investors, including Mohamed Alabbar, owner of the Burj Khalifa, who has shown interest in hotel development projects within Zimbabwe.

Mr. Alabbar, a prominent figure in Dubai’s business sector, leads various ventures in industries like fashion, real estate, and commodities.

Furthermore, Dr. Tungwarara has established a collaboration with PSI Real Estate, associated with DAMAC, a major luxury real estate developer in Dubai.

Domestically, Dr. Tungwarara is leading several government-supported initiatives aimed at advancing sustainable development and improving quality of life in Zimbabwe. As part of the Presidential Borehole Scheme, he is overseeing the installation of boreholes to support water access in rural areas.

Advertisement. Scroll to continue reading.

Additionally, through the Presidential Solar Scheme, Dr. Tungwarara is helping address Zimbabwe’s energy needs by promoting renewable energy.

This project, already piloted in Glen View, Harare, involves installing solar panels on rooftops at no cost to homeowners, with the generated energy feeding into the national grid.

For comments, Feedback and Opinions do get in touch with our editor on WhatsApp: +44 7949 297606.

Join Our WhatsApp Channel - https://whatsapp.com/channel/0029VayakkT60eBljXo25N2V

For comments, Feedback and Opinions do get in touch with our editor on WhatsApp: +44 7949 297606.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Catch More Updates Below

LOCAL NEWS

Harare, Zimbabwe | The government has earmarked a total of US$10 million to support young people in agriculture and an additional US$5 million under...

BUSINESS NEWS

President Mnangagwa has officially signed into law two crucial Acts enabling the implementation of the ZiG276.4 billion 2025 National Budget presented by Finance Minister...

LOCAL NEWS

The ceremony, held this afternoon, saw President Mnangagwa receiving the state-of-the-art facility on behalf of the region’s Heads of State and Government. The SADC...

LOCAL NEWS

HARARE, Zimbabwe – In a landmark development, President and Commander in Chief of the Zimbabwe Defence Forces, Dr. Emmerson Mnangagwa, this morning officially commissioned...

LOCAL NEWS

Former legislator Dexter Nduna has publicly extended his heartfelt apology regarding the misunderstanding surrounding his participation in the University of Zimbabwe Law Class of...

WORLD NEWS

President Mnangagwa emphasized the need for global unity to build a fair, sustainable world focused on peace and mutual respect during his address at...

LOCAL NEWS

Daily News editor Guthrie Munyuki recently addressed the significant error made by the Financial Gazette in an advertisement from the Zimbabwe Defence Forces (ZDF)...

LOCAL NEWS

President Mnangagwa has signed into law, the Criminal Laws Amendment (Protection of Children and Young Persons) Bill, 2024, raising the age of consent from...

Advertisement