THE Zimbabwe Investment and Development Agency (ZIDA) recorded a significant increase in new investment licences issued in 2024, after approvals reached a record 709, a 15 percent rise year-on-year.
THE Zimbabwe Investment and Development Agency (ZIDA) recorded a significant increase in new investment licences issued in 2024, after approvals reached a record 709, a 15 percent rise year-on-year.
This surge has been interpreted as a positive indicator of renewed investor confidence in the country.
This surge has been interpreted as a positive indicator of renewed investor confidence in the country.
However, a paradoxical element within the agency’s 2024 annual report reveals a 10 percent decline in the projected investment value, which fell to US$8,63 billion.
However, a paradoxical element within the agency’s 2024 annual report reveals a 10 percent decline in the projected investment value, which fell to US$8,63 billion.
This disparity underscores the persistent influence of global economic headwinds impacting the full realisation of investment potential.
This disparity underscores the persistent influence of global economic headwinds impacting the full realisation of investment potential.
The Government, under President Mnangagwa, has streamlined investment processes through ZIDA to promote foreign and domestic investment by creating a more investor-friendly environment.
The Government, under President Mnangagwa, has streamlined investment processes through ZIDA to promote foreign and domestic investment by creating a more investor-friendly environment.
This involved consolidating previously fragmented investment-related entities and agencies, implementing a One Stop Investment Services Centre (OSISC) to simplify procedures, and enacting the ZIDA Act to provide a clear legal framework.
This involved consolidating previously fragmented investment-related entities and agencies, implementing a One Stop Investment Services Centre (OSISC) to simplify procedures, and enacting the ZIDA Act to provide a clear legal framework.
Source: The Herald
