malvernmugadzikwa
Online Reporter
THE Zimbabwe Investment and Development Agency (ZIDA) last year issued 615 operating licences to new investors, registering a 130 percent increase compared to the previous year, a recently published report shows.
According to the ZIDA 2023 annual report, the country attracted investment worth US$9,6 billion in 2023, with the mining sector recording the highest number of investments.
“The Agency surpassed its goal of attracting a projected FDI value of US$1,5 billion by almost 650 percent,” ZIDA. “New Foreign Direct Investment (FDI) up to December 2023 had a total projected investment value of US$9,669 billion.
“The highest number of investors came from the People’s Republic of China, South Africa, Zimbabwe, India and the United Kingdom.”
ZIDA said the increase in investment was a result of improved investor services.
“The sector with the highest number of licenses was mining which had a final tally of 277 licences followed by the manufacturing sector with 138 licences,” said ZIDA
Online Reporter