Renewables, ICT Lead New Investments as ZIDA Pushes Implementation

 

Zimbabwe secured 46 new committed investors in the third quarter of 2025, with renewable energy and ICT emerging as the leading sectors targeted for expansion, according to the latest Zimbabwe Investment and Development Agency quarterly report.

Out of the commitments, 14 projects were in renewable energy, while 13 were in ICT, reflecting investor appetite for scalable infrastructure and technology-driven growth models.

Notable energy commitments include expansions of the Solgas 10MW solar project, the Kumusha Power Project, and a proposed 50MW solar plant in Shangani. In ICT, investors are backing broadband rollouts, data centres and cloud service platforms led by Powertel and TelOne.

Agricultural and manufacturing investments also strengthened, including macadamia and avocado plantations in Manicaland, dairy and beef revival projects, and vaccine and detergent production ventures.

ZIDA Chief Executive Officer Tafadzwa Chinamo said the quarter demonstrated both renewed investor confidence and sustained commitment from existing businesses already operating in the country.

In his remarks, Chinamo noted: “This progress not only consolidates the gains of NDS1 but also provides a robust platform and valuable lessons as we intensify preparations for the ambitious NDS2. 

"We are transforming Zimbabwe into a competitive and compelling destination of choice for strategic investment.”

Chinamo highlighted the Public-Private Partnership agreement with Jindal Energy Zimbabwe for the rehabilitation of Hwange Units 1–6 as a turning point in restoring reliable baseload power:

“Reliable baseload power is not merely about keeping the lights on. It is the engine that drives industrial output, reduces production costs, enhances competitiveness and unlocks Zimbabwe’s full manufacturing, agricultural and mining potential.”