https://www.veritaszim.net/node/5728

June 21, 2022

Cabinet considered and approved investment project recommended by the Zimbabwe Investment and Development Agency. Government engages Scout Aerial Africa (Pvt) Ltd, a local company, for an aeromagnetic survey, production of a drilling programme, drilling plans and a map indicating potential zones to mine within the Shackleton claims and Mhangura extension. The results of the aeromagnetic study will produce a feasibility study and increase investor confidence in further developing the mine

Zimbabwe approves major joint venture projects through ZIDA

Government has approved proposed joint ventures which have been submitted by the Zimbabwe Investment and Development Agency (ZIDA). The joint ventures fall under the purview of the Ministries of Environment, Climate, Tourism and Hospitality Industry; and Mines and Mining Development. 

One-stop shop to lure investors for Zim

President Launches ZIDA. The Zimbabwe Investment and Development Agency (ZIDA) came into life yesterday (17 December 2020) as it was officially launched by President Mnangagwa, raising hopes that the country will now go a step further in attracting both local and foreign direct investment. What was significant about the launch of ZIDA, was that Zimbabwe now has a one-stop shop for handling investments.

Medicinal cannabis production programme

Government has passed measures and regulations guiding investment into cannabis production. A competitive regime of incentives has been put in place to attract the needed investment.  Details in that regard can be obtained through the Zimbabwe Investment and Development Agency (ZIDA).

Establishment of ZIDA

Top executives from the private sector have been appointed by President Mnangagwa to head the new streamlined Zimbabwe Investment Development Agency, which has the remit to ensure that the Government’s policy on the ease of doing business is implemented in the new one-stop environment.

Approval of the Zimbabwe Investment Guide

Cabinet considered and approved the Zimbabwe Investment Guide as presented by the Minister of Finance and Economic Development. The Guide is a facilitative tool to the implementation of the new National Investment Policy in the wake of the promulgation of the Zimbabwe Investment and Development Agency (ZIDA) Act. It outlines, inter-alia, the country’s investment opportunities, the tax system and investment incentives. Government will periodically review the Investment Guide to ensure that investors remain current with regard to Zimbabwe’s investment requirements and incentives.

ZIDA Bill to aid in the establishment of a one stop shop for processing and administration of Investments.

The legal think-tank Veritas said the Zimbabwe Investment and Development Agency Bill (ZIDA) seeks to establish the management and finances of the new ZIDA and its one-stop investment services centre, which will guarantee non-discriminatory treatment to investors, investor obligations, including social responsibility.