Zimbabwe's Energy Sector Drives Investment Growth in Q1
The energy sector in Zimbabwe was boosted by the $2 billion, 600 megawatt coal power project in Binga by Yuanlin Energy Investments, according to the Zimbabwe Investment and Development Agency (ZIDA).
👉 The initiative, part of a larger investment of US$2.71 billion, positioned Matabeleland North as the top province and aims to enhance energy security, especially for mining and manufacturing.
Total projected investment in Zimbabwe reached US$4.7 billion in Q1, with the breakdown as follows:
Leading Sector: Energy ($2.72B, 57.39%), primarily in Matabeleland North (coal/thermal)
Other Key Sectors: Mining ($906.8M, 19%) and Manufacturing ($877M)
ZIDA CEO Tafadzwa Chinamo reported a 44.8% increase in new investment licenses during Q1. Investor interest remains strong in:
mining;
agriculture;
renewable energy.