ZIDA focuses on attracting investments in innovation, technology, and manufacturing in 2025
THE Zimbabwe Investment and Development Agency (ZIDA) plan to focus on attracting investments in innovation, technology, and manufacturing in 2025.
In an executive summary for the 2024 fourth-quarter report, ZIDA chief executive Mr Tafadzwa Chinamo said going forward, attention will be on all sectors, provinces and stakeholders in line with the Government’s aspirations of becoming an upper middle-income economy by 2030.
“Emphasis will be placed on attracting investment in innovation, technology, and manufacturing. Our investment attraction efforts will incorporate sound ESG principles, and we will implement measures to ensure all investments are sustainable and all investors are socially responsible.”
In the report, the investment promotion body said interest from investors to invest in the country remained strong with 200 investment licenses issued in the period under review.
The figure was higher than the 149 issued in the same period in 2023.
The report notes that in terms of the amount’s investors committed to invest, Q4 2023 had a higher value of US$11 502 92 million compared to US$4 586,99mn in the fourth quarter of 2024.
It said the decrease is attributable to several high-value projects in 2023.
ZIDA is a State agency responsible for promoting and facilitating both local and foreign investment in Zimbabwe.
It was established to streamline investment procedures and create a more conducive environment for businesses to operate. It offers a range of services to investors, including investment analysis, company registration, tax registration and clearance, licencing and connecting to necessary utilities.-chronicle
