A Zimbabwean man, who stayed outside the country for more than 16 years, is back at home making big business.
Liverson Sunduza abandoned all the good life in various nations and went back to Tsholotsho, Matabeleland North province, to open a lucrative bakery.
Sunduza said selling bread has now become part of his life.
Some Zimbabweans have gone back home after finding life difficult in some countries but indications are that the majority fail to open viable businesses and end up leaving the country once again for greener pastures outside the nation.
Millions of Zimbabweans are living in the diaspora, most of them as political and economic refugees, owing to serious challenges back home.
Zimbabwe receives million of dollars each year in remmittances from its citizens living in Australia, United States, Britain, South Africa, Botswana, Malawi and Canada, among other nations.
According to the Southern Eye newspaper, central bank governor John Mangudya, announced in his monetary police statement last Wednesday that Zimbabwe received $840 million last year from the diaspora compared to $790 million in 2013.
Mangudya is quoted by the newspaper as saying the bank has introduced new foreign exchange regulations aimed at boosting diaspora revenue set to come into effect from April 1, 2015.
He said, “Under the new framework, registered local money transfer operators and bureaux de change shall be designated as Limited Authorised Dealers and shall now be allowed to conduct both inward and outward money transfers.”
The country’s regulations currently limit transfer agents to receiving cash only.
The new framework for international person-to-person remittances shall be administered through a three-tier system which stipulates how local money transfer operators (MTOs), international money transfer organisations and bureaux de change would facilitate the remittances both locally and abroad.
The central bank governor said RBZ would monitor their activities to reduce money laundering and terrorist financing.