Billionaire Dr. Stephen Akintayo Commits to Attracting Investment to Zimbabwe

Business Reporter

RENOWNED Nigerian billionaire, real estate magnate, and serial entrepreneur, Dr. Stephen Akintayo, has expressed his firm commitment to facilitating significant foreign investment into Zimbabwe following a highly productive visit to the Southern African nation last week.

Dr. Akintayo, who has built a distinguished reputation in real estate and entrepreneurship, made the low-profile visit to Harare recently at the invitation of Ken Sharpe, CEO of West Prop Holdings Limited.

The two businessmen had previously met in Dubai, where they engaged in extensive discussions on potential collaborative ventures in both Zimbabwe and Nigeria.

Upon concluding his visit, Akintayo remarked, “Zimbabwe possesses immense potential, from the majestic Victoria Falls to its stunning parks and now to its world-class golf courses. I am not only keen to invest here but to facilitate a strategic partnership aimed at encouraging other Nigerian investors to explore opportunities within this promising market.”

Dr. Akintayo further highlighted his longstanding professional relationship with Sharpe, noting that the two have shared insights on a range of initiatives in property development. The West African tycoon has been active in land banking and real estate development in Nigeria, currently oversees over 20,000 acres of land, making his vision for expansion into Zimbabwe both practical and visionary.

“We have both been working on similar large-scale property developments,” he explained. “Ken’s work here is truly inspiring, and I see a remarkable parallel to the ambitious projects we’re undertaking in Nigeria. Our shared passion for pushing boundaries in Africa is truly invigorating.”

Reflecting on his experiences in Zimbabwe, Akintayo emphasized the unique appeal of African investments, particularly within the context of golf course development. He pointed out that Africa offers an authentic natural environment, in stark contrast to the artificial resorts in places like Dubai. “Now is the right time for investments to flow into Africa, particularly in sectors where the continent’s natural beauty and resources stand as significant advantages,” he added.

Dr. Akintayo also cited Zimbabwe’s forward-looking leadership as a pivotal factor in his decision to pursue investments in the country. His meeting with Zimbabwe’s Finance and Investment Promotion Minister, Prof. Mthuli Ncube, during the Mall of Zimbabwe engagements left a lasting impression. “What Minister Ncube shared with me reaffirmed my belief in Zimbabwe’s bright future. The country’s commitment to fiscal stability and its dollarized economy are key factors that make Zimbabwe an attractive destination for global investors,” he stated.

In addition to his real estate ventures, Dr. Akintayo is the founder of G-Tex Holdings, a brokerage firm with a presence in both Dubai and the United Kingdom. The firm is currently overseeing a $200 million development project in the United States, while also holding a significant position in Africa, particularly Nigeria, where it ranks among the largest property developers.

Furthermore, Dr. Akintayo is leading the charge on his latest venture, Sase Holdings, an ambitious project aimed at establishing one of the largest private equity and venture capital firms wholly owned by Africans. This initiative aligns with his broader vision of increasing African participation in global capital markets.

“We are at the forefront of building an African-led financial ecosystem that empowers local businesses and entrepreneurs to thrive,” Akintayo concluded. “The potential for Zimbabwe and Nigeria to collaborate and grow together is vast, and I am fully committed to driving that vision forward.”