Zimbabwe to Seek $1 Billion From Its Citizens Living Abroad

Zimbabwe’s government will send teams to developed nations in an attempt to get the country’s diaspora to invest about $1 billion in its ailing economy this year.

Officials will visit the U.S., U.K., Canada, Australia and South Africa seeking funds in addition to the $500 million Zimbabweans typically send home each year to family and friends, Obert Mpofu, minister of macro-economic planning, said Tuesday in an interview.