THE Zimbabwe Investment and Development Agency (Zida) says it witnessed an improvement in investment this year, as compared to last year, despite 2023 being an election year.
In an interview with The Financial Gazette, Zida’s acting chief executive, Theresa Muchinguri said the agency has registered almost 800 foreign investors with an estimated total investment value of US$1 billion as of August 31, 2023.
“This year was an election year, normally, you would expect that there would be a slowdown in terms of interest, but if we compare last year’s performance to this year, we have performed better this year with an increased number of investors coming through.
“Last year, I think we were speaking of about 500 investors, this year, and the year is not even out and we are already at 800,” Muchinguri said on the sidelines of the Zida Stakeholder Engagement Input Forum held in Harare yesterday.
The extractive sector has remained the leading investment area as most foreign investors are currently interested in the mining sector. Source: Zida
Advertisements
Subscribe to The Financial Gazette
This is premium content. Subscribe to read article.
Login if you have purchased