Tinaye Agere
Online Reporter
A delegation of 17 Asian investors, led by the World Economic Forum for Asia-Africa (WEFAA) and supported by the Indian Embassy in Zimbabwe, has signed 14 Memoranda of Understanding across eight key sectors in Zimbabwe.
The investment drive, aligned with the Zimbabwean Government’s vision to achieve upper middle-income status by 2030, saw Mashonaland East Province’s Manyame Rural District Council receiving the most investment interest.
Five MOUs were signed in the agriculture and food processing sectors with the local authority.
“This achievement marks a significant milestone in WEFAA’s efforts to support Zimbabwe’s economic growth and development.
“The sectors that received investment interest include agriculture and food processing, education, energy, healthcare, infrastructure, manufacturing, construction, and wellness,” reads a statement from WEFAA.
WEFAA’s partnership with the Zimbabwe Investment Development Agency (ZIDA) has played a crucial role in promoting investment opportunities in Zimbabwe.
The organisation plans to continue engaging with local and international stakeholders to formulate mutually beneficial partnerships.
Upcoming events include business symposiums across Zimbabwe’s provinces and the WEFAA Asia-Africa Smart Partnership and Investment Roundtable Conference, scheduled for October 20 to 30, 2024, in India.
Online Reporter