Audrey Galawu
ASSISTANT EDITOR
The Zimbabwe Investment and Development Agency is set to develop a US$15 billion project pipeline through resource beneficiation, manufacturing and technology transfer.
The project is aimed at attracting the calibre of investors the country requires.
The Agency is currently researching for new source markets that have the potential to drive the desired investments into Zimbabwe
ZIDA has made several partnerships that will make significant contribution to a vibrant investment base.
The Agency has revealed that in Q1 2024, they have signed collaboration agreements with ZB Financial Holdings, Ecobank Zimbabwe and a Tripartite MoU with ZimTrade and Zambia Development Agency.
ZIDA chief executive officer, Tafadzwa Chinamo, said the Agency has made remarkable progress in attracting and promoting valuable investment and fostering sustainable development.
“One of the key accomplishments of this quarter has been the ongoing work in codifying the Public Private Partnerships Guidelines.
“The Agency is working closely with the Ministry of Finance Economic Development and Investment Promotion and African Legal Support Facility to ensure that guidelines align with international best practice and safeguard the interests of the government and the people of Zimbabwe.
“The partnerships will see the exchange of information, joint investment promotion activities aimed at showcasing Zimbabwe as an attractive investment destination,” he said.
The MoU with Zambia, which was signed in February 2024, was negotiated to further the bilateral relationship between the two countries.
The partnership signed with ZB Financial Holdings Limited aims to provide a framework for investment promotion and facilitation cooperation, while the partnership with Ecobank aims to provide a framework for promoting the country as an attractive investment destination and facilitating domestic and foreign investment.
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