Harare secures US$260 million investments to boost economic growth HARARE Metropolitan Province has secured a projected investment of over US$260 million from 80 new investment licenses granted in the second quarter of the year. The province continues to attract significant foreign and domestic investments, which are expected to contribute significantly to the provincial gross domestic product (GDP) and align with the country’s broader National Development Strategy one (NDS1) and upcoming NDS 2. It emerged at the Harare Investment and Business Conference in the Capital this Wednesday that the province continues to enhance its provincial economic competitiveness through unique investment opportunities.
Some of the major investment opportunities in Harare Metropolitan province were highlighted. “Harare Metropolitan Province presents an array of investment opportunities that are ripe for exploration and exploitation. Among the key investment opportunities is Sunway City, a designated Special Economic Zone that offers a variety of attractive investment incentives.
These include duty free importation of raw materials and machinery, exemption from non-resident withholding taxes among others,” Harare Metropolitan Minister of State for Provincial Affairs and Devolution, Senator Charles Tawengwa noted. The province is currently contributing over 23 percent to the country’s gross domestic product (GDP) with key drivers being in the wholesale, retail and manufacturing sectors among others. The two-day Harare Investment and business Conference is running under the theme: Building bridges, Accelerating Investment towards attainment of Vision 2030. Previous articleStanbic Bank boosts paediatric care at Sally Mugabe Hospital with US$140k upgradeNext articleA seatmate’s insight: How Zambia’s women’s football model can inspire Zimbabwe’s growth Previous articleStanbic Bank boosts paediatric care at Sally Mugabe Hospital with US$140k upgrade Stanbic Bank boosts paediatric care at Sally Mugabe Hospital with US$140k upgrade
