https://en.sputniknews.africa/20231129/this-african-country-attracts-twice-more-investments-than-anticipated-1063844114.html
This African Country Attracts Twice More Investments Than Anticipated
This African Country Attracts Twice More Investments Than Anticipated
Sputnik Africa
According to Zimbabwe Investment and Development Agency (ZIDA), the country presents a great value addition and beneficiation opportunities as "most... 29.11.2023, Sputnik Africa
2023-11-29T14:17+0100
2023-11-29T14:17+0100
2023-11-29T14:18+0100
zimbabwe
investment
sub-saharan africa
economy
china
united arab emirates (uae)
southern africa
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Zimbabwe attracted $8 billion investments this year, doubling the initial target set by the Zimbabwe Investment and Development Agency (ZIDA) at the beginning of the year, as reported by Zimbabwean state media The Herald reported, citing ZIDA's Head Tafadzwa Chinamo.Chinamo noted that "at the stage of an investor coming" only the investor's commitment could be recorded, the report said.The report outlined that the most attractive sectors for foreign investors in the country include mining, energy and agriculture with major contributions coming from the United Arab Emirates (UAE), China, India and Saudi Arabia.Looking ahead to the next year, ZIDA's aims to attract $15 billion investments, a goal deemed "achievable," by the agency`s head, as reported.Agriculture, one of the key fields of Zimbabwe's economy, has recently made notable achievements, gaining global recognition. This year, the Southern African state became the world leader in blueberry export growth rates.Earlier, the Zimbabwe Agriculture Ministry reported a record-breaking tobacco production in 2023.
https://en.sputniknews.africa/20231117/zimbabwean-tobacco-exports-already-exceed-1-billion-in-only-10-months-of-2023-1063612297.html
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zimbabwe, investment, economy, china, united arab emirates (uae), southern africa
zimbabwe, investment, economy, china, united arab emirates (uae), southern africa
This African Country Attracts Twice More Investments Than Anticipated
14:17 29.11.2023 (Updated: 14:18 29.11.2023) According to Zimbabwe Investment and Development Agency (ZIDA), the country presents a great value addition and beneficiation opportunities as "most agricultural and mining sector products are exported in their raw form." Gold, flue-cured tobacco and platinum are the main exported goods.
Zimbabwe attracted $8 billion investments this year, doubling the initial target set by the
Zimbabwe Investment and Development Agency (ZIDA) at the beginning of the year, as reported by Zimbabwean state media The Herald reported, citing ZIDA's Head Tafadzwa Chinamo.
"In 2023, we set out a target of $4 billion and FDIs [foreign direct investments] which is our main preoccupation was $1.5 billion, and we were also targeting domestic investments coming through ZIDA of $500 million from companies registered under ZIDA. As of September we had surpassed that $4 billion, and we were touching towards $8 billion," Chinamo was quoted by the media as saying.
Chinamo noted that "at the stage of an investor coming" only the investor's commitment could be recorded, the report said.
The report outlined that the most attractive sectors for foreign investors in the country include mining, energy and
agriculture with major contributions coming from the United Arab Emirates (UAE), China, India and Saudi Arabia.
Looking ahead to the next year, ZIDA's aims to attract $15 billion investments, a goal deemed "achievable," by the agency`s head, as reported.
"In terms of confidence in achieving that, I believe it is achievable. There are some big-ticket projects out there, some of the PPPs [Private-public partnership projects] that we speak when we talk about billions worth of investments, so I think it's achievable. [...] Our aim in 2024 is to really articulate the opportunities to the investor because at the end of the day it comes down to that," he underlined.
Agriculture, one of the key fields of Zimbabwe's economy, has recently made notable achievements, gaining global recognition. This year, the Southern African state became the world leader
in blueberry export growth rates.
Earlier, the Zimbabwe Agriculture Ministry reported a record-breaking
tobacco production in 2023.
