Sector focus – Agricultural industrial complex, animal husbandry, irrigation & inputs, harvesting, storage/transportation, access to regional and international markets
Agriculture is pivotal to the economy of Zimbabwe and the region. Zimbabwe occupies a unique position geographically that enables it to grow various crops in rotation and raise animals all year long. Zimbabwe will continue to play an important role in production organically grown foodstuffs and free range animal products.
DIDG aims to facilitate and participate in large transformative initiatives in the agricultural sector. Ranging from developing irrigation schemes and supporting national input schemes to applications of modern technology farming, harvesting and storage to facilitating opening up of old and new markets for Zimbabwe’s farm produce.
DIDG’s vision is to participate in projects that restore Zimbabwe’s bread basket status through infusion of capital, technology and innovation in various levels of the farming value chain.
Sector focus – Banking and Financial Services
Banking and Financial services are an essential component in the development of an emerging economy like Zimbabwe’s. The need for a well regulated operational financial services and banking sector which in turn become a springboard into the rest of Africa is evident. Zimbabwe has deep expertise in Financial services and its centrality and skills can be an asset in the provision of Financial services to the region and the world.
Diaspora Infrastructure Development Group (DIDG) is well positioned to invest in some current financial services assets that are currently owned or operated by the government as well as those that are currently sitting within the Sovereign Wealth Fund of Zimbabwe. DIDG aims to work with government and other key institutions in activating the financial inflows as Zimbabwe’s economy goes through a regenerative phase spurred by DIDG’s vision and backed by enabling policies.
The country’s financial sector reflects Zimbabwe’s current economic distress however the elements of a developed financial system are in place. DIDG therefore sees an opportunity for it to participate in the banking and financial services sector as well as the Sovereign wealth fund.
Financial services institutions in which the Zimbabwean government has a notable stake in include banking, mortgage lending, mobile money transfers, remittances, funds investment, trading in securities, insurance services, pension funds management, asset management, medical aid insurance and microfinance. The DIDG’s Banking and Financial Services sector is therefore keen to partner the government and focus on bringing private participation investment and changes in shareholding in some of the already existing companies within the banking and financial services sector.
The vision for the DIDG Banking and Financial Services sector is to create an efficient, reliable, cost-effective local, regional and international banking centre of excellence in Zimbabwe which has a span of interests and services across Africa. DIDG will achieve this vision by engaging policy making institutions on modernization, privatisation, localization as well as promoting internationalization of the local Financial services institutions. DIDG will contribute to positive, high impact reforms in the financial services regulatory framework in Zimbabwe which will boost investor confidence in the financial system and also protect investor assets and savings.
Sector focus – Power generation, Transmission, Gas, petroleum, pipelines, refineries, hydro-electric
Energy demand is on the increase as the economy grows, be it electricity/gas for household use or petroleum/diesel products for transport and manufacturing.
Power demand is estimated to increase as Zimbabwe’s economy goes through a regenerative phase spurred by DIDG’s vision.
Present power generation capacity will have to increase if demand is to be met.
The DIDG’s energy priorities focus on coal, gas and hydro-electric projects, the interconnection of regional power pools, including regional petroleum and gas pipelines to meet these drastically increasing demands.
Zimbabwe has abundant energy resources in gas, coal and especially hydropower. These resources are unevenly distributed across the country, often going unexploited.
The vision for the DIDG energy sector is an efficient, reliable, cost-effective and environmentally friendly infrastructure, to promote the physical integration of the sub-continent and enhance access to modern energy services for all Sothern Africans while enabling.
DIDG will achieve this vision by developing energy projects, oil and gas refineries as well as oil and gas pipeline projects.
One of the main electricity corridors is the North-South Corridor linking countries to the North and Southern Africa. Transmission corridor projects will ensure that African countries are well connected and energy moves across their borders to promote regional trade in energy.
Sector focus – ICT, technical skills, e-economy, e-government
DIDG recognizes the Information and communications Technology (ICT) sector is a strategic enabler to Zimbabwe’s economic transformation and social development. The DIDG ICT Programme aims to enable Zimbabwe to become an integral part of an information and knowledge era continent with a modern society and an integrated e-economy in which every government, business and citizen has access to reliable and affordable online enabled systems and services.
As the whole continent and Zimbabwe catch up with broadband infrastructure, ICT demand will grow by a factor of 20 before 2020 across Africa. Zimbabwe must latch onto this wave.
DIDG aims to promote an e-Zimbabwe agenda to enable universal access to low cost and in some cases free yet reliable secure broadband internet connectivity. DIDG will pursue projects to deliver effective ICT infrastructure and value added services that will help to connect Zimbabweans to the global economy and use Zimbabwe’s central location as a regional internet exchange network node further enhancing inter-regional connectivity.
Zimbabwe also has a large mass of highly literate youths with strong Sciences, Technical, Engineering and Mathematics (STEM) background. DIDG will also pursue projects to leverage and position Zimbabwe as a technological skills off-shoring hub.
Sector focus – Mineral resource development and beneficiation
Mining plays a fundamental role in the economic trajectory of Zimbabwe driving sustainable economic development. The sector contributed about 10% to GDP and 60% of exports in 2016. As DIDG we aim to contribute on two main aspects of the mining value chain through support of Mineral resource development and beneficiation.
DIDG’s Mineral Resource Development vision is underpinned by the need to bring into Zimbabwe new, large scale mining projects with transformational capacity to change local and regional economies. The key aspect of this resource development is exploration which is about the search for and discovery of hitherto overlooked or concealed economically viable mineral deposits. Exploration is at the source of value creation in mining and requires a very high degree of innovation and advanced technologies and concepts to identify mineral deposits. Exploration is a complex and long journey, requiring significant injection of risk capital, mainly from private investors. DIDG believes that consolidating landholding of artisanal and small-scale mining (ASM) as well as bring in large technologically enabled partners to facilitate modern exploration and mining methodologies will help in unlocking value.
DIDG aims to promote and participate in investments to Strengthen the Minerals Beneficiation value chain by encouraging local refinement, manufacturing and production while leveraging international technical capacity and finance.
DIDG intend to support current efforts by addressing constraints to beneficiation initiatives such as shortage of critical infrastructure, enabling policy framework, limited skills and exposure to R & D and access to international markets. This strategy also offers opportunities for local companies and research institutions to develop advanced products and technologies locally. Beneficiation will also focus on opportunities to reprocessing of tailings to produce commercial byproducts.
Sector focus – Transportation, Logistics and Tourism
The DIDG vision for the Transport sector is a Transport network in Zimbabwe that integrates the Southern African sub-continent by being the North-South and East-West corridors links and Hub.
DIDG’s transport projects will focus on enhancing inter-regional connectivity, corridor modernization, as well as the improvement of the Zimbabwe’s port, railway and air transport systems.
Africa’s extensive population growth projections mean that by 2040, transport volumes will increase 6-8 times (even up to 14 times in some countries), while overall port throughput will rise to more than 2 billion tons. DIDG plans to ensure that Zimbabwe’s handling capacity as a regional node is bolstered and capable to handle a significant proportion of that volume servicing the Southern region. Zimbabwe is host to one of Africa’s largest port of entry by volume of trade and transit of people.
DIDG envisions a future where transport infrastructure and services enable the unfettered and speedy movement of goods and passengers through the provision of efficient, safe, secure, reliable and seamless transport options at affordable rates to support environmentally and economically sustainable regional development. DIDG will develop Ports of entry comprising airports,1-stop-border-posts, Road and Rail-related projects based on the least cost hubs and routes in order to open up Zimbabwe and its land-locked neighbours for improved regional, continental and global trade. DIDG will also engage into partnerships with entities operating seaports and terminals to further facilitate intra-African and global trade from Africa’s shores as well as invitation to other citizens of the world to share in Zimbabwe’s and its neigbours tourist splendors. Transport costs will be reduced significantly through the implementation of DIDG’s projects, which in turn will boost regional and global trade of goods from Zimbabwe and the region.
Sector focus – Bulk water resource development and distribution, local and trans-frontier water security
DIDG aims to enhance Zimbabwe’s and the region’s water storage capacity and irrigated agricultural land to reduce water stress or scarcity. This will include bulk water treatment, distribution and end-user supplies.
In addition to strong local capacity in Zimbabwe, The DIDG vision for this sector is trans-boundary water infrastructure and strong trans-boundary management frameworks that promote regional integration and ensure water security for socio-economic development of the country and Region, while protecting the environment and mitigating and adapting to the impacts of climate variability and change.
Zimbabwe and the SADC region’s water requirements are set to increase significantly by 2050, with agricultural irrigation being by far the largest consumer. In some water basins, demand will soon outstrip available resources if no improvements are made.
DIDG aims not only to develop multi-purpose dams, pipelines and canals, but to also build the capacity of the Zimbabwe’s lake and river basin organizations and to enable water transfers within its various agricultural regions as well as through trans-frontier projects.
Part of this strategy will enable local economies with new industries such as fisheries and water based tourism.