Zinara Seeks To Raise Money From The Diaspora: Will Zimbabweans In The Diaspora Fund Them?

By Alvine Chaparadza

The Zimbabwe National Roads Authority (Zinara) has just proposed to issue a new bond facility aimed at the diaspora to fund various infrastructure projects such as roads and bridges. This move is inspired by the success of the infrastructure bond they issued last year that was oversubscribed by $ 5million.

Speaking at the Zimbabwe Investment Conference, Zinara Chief Executive Officer, Nancy Chamisa alluded to the ongoing rehabilitation of roads in some areas as one of the projects being funded by last year’s bond facility. She said that Zinara has now set its sight to the diaspora so that it bankrolls …read more

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