Zimbabwe has registered a 70 percent increase in the rate of investment inquiries during the just ended month reflecting confidence in the new government’s ability to provide favourable conditions for fresh projects.
The past decade has seen Zimbabwe lagging behind in terms of investments, thereby attracting yearly projects worth $500 million yet regional economies are attracting investment of more than $2,5 billion annually.
The loss in local and external investments has put pressure to the economy’s growth prospects as evidenced by low foreign exchange earnings, inability to create new jobs and drop in production, among other problems.
Zimbabwe Investment Authority (ZIA) spokesperson, Mr Nixon Kanyemba said January 2018 has seen the institution being heavily busier compared to the last eight years.
“We are really busier and we can anticipate further growth in inquiries till next year,” he said.
Real Estate Institute of Zimbabwe Board Member, Mr Brian Kashoni noted that opportunities for business exist but it is the extent to which viable investment portfolios can be put into good use.
“We are really anticipating further growth and this can only translate into increased businesses,” he said.
While top business people including Nigerian billionaire, Mr Aliko Dangote have been granted permits by ZIA to invest in the country, the extent to which business delegations and investors will put their pledges into reality is a key element to successful implementations which will ultimately pronounce benefits for the generality of the people.