Search / Zimbabwe investment development agency
Bulawayo needs US$40,000 to repair refuse trucks
The Bulawayo City Council has revealed it requires approximately US$38,900 to repair 13 broken-down refuse compactor trucks, a critical factor contributing to ongoing challenges in waste collection ac...Published: 26 May 2025 at 08:22hrs | 171 | by Staff reporter
Foreign investment interest in Zimbabwe remains strong
Foreign investor interest in Zimbabwe continues to grow, with 200 investment licences issued in the fourth quarter of 2024, according to the latest report by the Zimbabwe Investment Development Agency...Published: 24 Jan 2025 at 07:24hrs | 76 | by Staff reporter
Lack of development irks Bulawayo councillors
Councillors in Bulawayo have voiced their frustrations regarding the sluggish pace of urban development in the city, attributing the stagnation to a lack of funding and bureaucratic hurdles. The conce...Published: 26 Oct 2024 at 16:15hrs | 513 | by Staff reporter
'Zimbabwe mining activity is organised crime,' says foreign funded Maguwu
Farai Maguwu, founding director of the Centre for Natural Resource Governance, has criticized the mining activities in Zimbabwe, particularly those involving Chinese companies, describing them as "org...Published: 26 Aug 2024 at 12:38hrs | 3815 | by Staff reporter
United States offers help to Zimbabwe
The United States has expressed a strong interest in enhancing the investment climate in Zimbabwe to boost economic opportunities. In a recent statement, US Ambassador Pamela Tremont reaf...Published: 20 Aug 2024 at 10:40hrs | 1093 | by Staff reporter
Zimbabwe must copy China's Common Prosperity development model
ZIMBABWE has always regarded China as a friend and there is a need for the southern African investment-starved nation to copy the Asian giant country's common prosperity development model, which has s...Published: 17 Aug 2024 at 12:46hrs | 106 | by Silas Nkala
3rd Canada-Africa Business Conference to take place from October 15-16 in Harare, Zimbabwe
TORONTO, Canada - Members and guests of The Canada-Africa Chamber of Business (www.CanadaAfrica.ca) are invited to the Canada-Africa Business Conference in Harare. The two-day program will once again ...Published: 24 Jul 2024 at 11:26hrs | 287 | by APO
Zimbabwe's lithium gambit: Navigating China-US rivalry
Lithium is Zimbabwe's third-largest mineral export after gold and platinum group of metals, bringing in US$2,46 billion and US$2,27 billion, respectively, in 2023.AS the world is going through...Published: 15 Jul 2024 at 08:17hrs | 249 | by Samir Bhattacharya
Indian business mogul tried to defraud Zimbabwean govt over $100 million
Documents obtained by NewZimbabwe reveal that Ashok Jain, an Indian businessman, attempted to defraud the Zimbabwean government of over US$100 million in a dubious deal. According to these doc...Published: 03 Apr 2024 at 06:07hrs | 4 | by Staff reporter
New 500MW solar plant for Victoria Falls
VICTORIA Falls is inching closer to becoming a smart tourism and green destination following plans to construct a renewable energy exhibition park and a 500MW solar plant, which will be complemented b...Published: 03 Apr 2024 at 06:02hrs | 4 | by Staff reporter
Tagwirei-linked firm in Zisco 'asset stripping orgy'
The much-hyped takeover of the Zimbabwe Iron and Steel Company (Zisco) by Kuvimba Mining House has failed to change the fortunes of the steelmaker amid allegations that the firm linked to businessman ...Published: 31 Mar 2024 at 15:20hrs | 2 | by Staff reporter
Zimbabwe capital markets conferences set for SA
FINANCIAL Markets Indaba (FMI), in partnership with the Victoria Falls Stock Exchange (VFEX) is set to co-host two Zimbabwe capital markets conferences in South Africa next month, NewsDay Business can...Published: 22 Mar 2024 at 09:38hrs | 2 | by Staff reporter
EXCLUSIVE: Victim of Mafia Boss Francesco Marconati speaks on how he lost his beer plant and got deported
In the shadowy world of mafia dealings, a sinister evil chess game orchestrated by the self-styled Italian Mafia boss,Marconati, (pictured) has been exposed.Today, we delve into the Francesco ...Published: 08 Mar 2024 at 17:27hrs | 9 | by George Tshuma
Zimbabwe, UK enter new trade era
THE influential Westminster Africa Business Group has expressed its interest to set up camp in Zimbabwe and open doors for British investments to come into the country.This comes as Zimbabwe h...Published: 24 Jan 2024 at 04:48hrs | 1 | by Staff reporter
Mnangagwa removes ZIDA Act from Finance Ministry to his office
President Emmerson Mnangagwa has shifted the oversight of the Zimbabwe Investment Development Agency (ZIDA) Act from the Ministry of Finance, Economic Development, and Investment Promotion to his own ...Published: 12 Nov 2023 at 14:19hrs | 16 | by Staff reporter
Mnangagwa clips Mthuli Ncube's wings
PRESIDENT Emmerson Mnangagwa has clipped Finance minister Mthuli Ncube's wings by removing the Zimbabwe Investment Development Agency (ZIDA) Act from his ministry.This comes amid fears t...Published: 11 Nov 2023 at 15:55hrs | 11 | by Staff reporter
Zimbabwe launches digital platform to woo foreign investment in tourism sector
Zimbabwe's investment promotion agency on Friday launched a digital platform to facilitate local and foreign investment in the country's tourism sector.The platform, known as the Zimbabwe Tour...Published: 16 Oct 2023 at 06:14hrs | 5 | by Staff reporter
2 Mutsvangwas, 6 women and 3 Mnangagwas
With former television personality Tatenda Mavetera thrown into the mix, one needs very little imagination to describe Zimbabwe's Cabinet that was sworn into office early this week following a sham el...Published: 15 Sep 2023 at 22:09hrs | 11 | by Luke Tamborinyoka
Russian mining giant heads to Zimbabwe
THE world's largest diamond producer Alrosa of Russia will next week be in Zimbabwe to start work on mining operations with 50 more companies from the Euroasian nation targeting various sectors....Published: 27 Jul 2023 at 06:37hrs | 8 | by Staff reporter
Human rights lawyers rescues disgruntled villagers as court stop Chinese illegal operations
A ZIMBABWEAN court has stopped Labenmon Investments, a Chinese mining company, from conducting illegal mining operations on ancestral land belonging to some Mutoko villagers in Mashonaland East provin...Published: 26 Jul 2023 at 20:14hrs | 19 | by Stephen Jakes
Zimbabwe Investment Development Agency eyes shorter licensing period
The Zimbabwe Investment Development Agency (ZIDA) is working to reduce the lead time in licensing investors to about four days on automation amid increased interest from foreign investors.This...Published: 06 Jul 2023 at 17:53hrs | 4 | by Staff reporter
China now Zimbabwe's largest FDI source
China has made huge inroads into the Zimbabwean economy in terms of investment, which is expected to grow further following the three-day ZimTrade organised Zimbabwe-China Business Forum, which ends t...Published: 01 Jun 2023 at 06:40hrs | 2 | by Staff reporter
Zimbabwe on charm offensive UK investment drive
Zimbabwe's Finance Minister Mthuli Ncube is on a charm offensive in the United Kingdom as his country wades out of international isolation to attract investors and kickstart the ailing economy....Published: 23 Apr 2023 at 08:01hrs | 6 | by Staff reporter
Diaspora keeps Zimbabwe afloat but no vote
ALTHOUGH Zimbabweans in the diaspora are not allowed to vote from their host nations, their cash remittances back home are fast growing and helping to keep the country afloat.Last year, remitt...Published: 04 Feb 2023 at 20:12hrs | 6 | by Staff reporter
Zimbabwe, US in re-engagement
Zimbabwe and the United States will this week hold their first high-level direct engagement after nearly two decades of diplomatic estrangement, precipitated by Washington's position against Harare's ...Published: 11 Dec 2022 at 08:54hrs | 2 | by Staff reporter
Zimbabwe diplomats told to engage diaspora
DIPLOMATS posted to various countries should engage Zimbabweans living abroad and use their experiences and expertise to attract investments and create trade opportunities for the country.This...Published: 07 Nov 2022 at 05:25hrs | 2 | by Staff reporter
Mnangagwa appoints ZIDA executive team
PRESIDENT Emmerson Mnangagwa has appointed a new Zimbabwe Investment Development Agency (ZIDA) top management executive team charged with the responsibility to attract meaningful investments into the ...Published: 07 Oct 2022 at 06:02hrs | 5 | by Staff reporter
Zimbabwe army, political elites negotiate shady, corrupt mining deals
COMMUNITIES across the country are being neglected in negotiating mining contracts with foreigners as the military and political elites take centre-stage for personal gain, an expert has said....Published: 28 Sep 2022 at 20:27hrs | 7 | by Staff reporter
In defense of the Bulawayo parking system
Greetings to all the citizens of the Great City of Bulawayo: The City of Kings and Queens.We note with deep and grave concern as the Concerned Citizens of Bulawayo that there has arisen in our...Published: 20 Aug 2022 at 17:38hrs | 16 | by Qaphelani Sikhangele Sibanda
July Moyo defends Pomona deal
LOCAL government minister July Moyo and Geogenix BV frontman Delish Nguwaya have defended the controversial Pomona dumpsite deal, which they admit did not follow tender procedures.The Harare C...Published: 27 May 2022 at 06:48hrs | 3 | by Staff reporter
Mnangagwa opens door for Diaspora
IN light of a huge appetite by the Zimbabwe Diaspora community to invest in the country given the array of skills they have acquired abroad, President Mnangagwa has directed relevant ministries to set...Published: 21 Mar 2022 at 06:23hrs | 3 | by Staff reporter
Govt steps up efforts to lure Diaspora
PRESIDENT Mnangagwa has directed the Government to urgently set up an inter-Ministerial committee to work on strategies to engage Zimbabweans in the Diaspora so they can contribute to the country's de...Published: 20 Mar 2022 at 06:24hrs | 1 | by Staff reporter
Mthuli Ncube sends mixed signals on fuel
FINANCE minister Mthuli Ncube this week sent mixed signals over the country's neo-liberal policy on fuel subsidy as policy inconsistency remains one of the major sources of concern for investors....Published: 19 Mar 2022 at 07:19hrs | | by Staff reporter
Kuvimba to lead Zisco revival
Kuvimba Mining House, which has both private and State shareholding and has been resuscitating gold mines, has been chosen by Cabinet as the investment partner for the resuscitation of the Redcliff-ba...Published: 23 Feb 2022 at 05:40hrs | | by Staff reporter
Munatsi worked in highly toxic operational environment
THE late Zimbabwe Investment Development Agency (Zida) chief executive Douglas Munatsi - who was close to President Emmerson Mnangagwa- worked in a volatile and toxic political environment around the ...Published: 12 Dec 2021 at 20:16hrs | 16 | by Staff reporter
Zimbabwe firms predict gloom
MORE than three quarters of businesses across various sectors of the economy have said the ease of doing business in Zimbabwe was unfavourable as a result of policy inconsistencies and limited financi...Published: 12 Dec 2021 at 19:14hrs | 8 | by Staff reporter
Munatsi family speaks on banker's shock death
THE family of the late banker Douglas Munatsi yesterday said they were heartbroken and are still in shock over a fire incident that claimed his life last week.Munatsi, the Zimbabwe Investment ...Published: 05 Dec 2021 at 06:18hrs | 10 | by Staff reporter
Munatsi: A smart distinguished banker
Zimbabwe is witnessing one of the largest outpourings of grief following the tragic loss of Douglas Tawanda Munatsi (‘DTM') on Monday November 29, 2021.It is definitely a tragedy of unspeaka...Published: 05 Dec 2021 at 06:17hrs | 13 | by Muchadeyi Ashton Masunda
'Munatsi was killed'
IF he was not immobilised or held against his will, prominent banker and Zimbabwe Investment Development Agency CEO Douglas Munatsi could have escaped the fire that engulfed his luxurious 9th floor pe...Published: 04 Dec 2021 at 18:49hrs | 15 | by Staff reporter
Kasukuwere mourns Munatsi
Exiled Saviour Kasukuwere sent his condolence message to the Munatsi family following the untimely death of Chief Executive Officer of Zimbabwe Investment Development Agency, Douglas Munatsi who died ...Published: 29 Nov 2021 at 12:33hrs | 10 | by Simbarashe Sithole
Afreximbank sets up regional HQ in Zimbabwe
Government through the Ministry of Local Government and Public Works and National Housing, on Friday availed land for the construction of a US$100 million Afreximbank Africa Trade Centre (AATC) and re...Published: 29 Nov 2021 at 05:28hrs | 11 | by Staff reporter
Revenue Hall to be 100% solar powered
BULAWAYO'S Revenue Hall is set to go 100 percent solar powered as the local authority ups its drive towards alternative energy at most of its facilities.This comes in the wake of reports that ...Published: 28 Nov 2021 at 07:52hrs | 9 | by Staff reporter
BCC to turn cemetery into solar farm
THE Bulawayo City Council is working on establishing solar farms within their water pumping stations which will help solve the problem of power outages which have forced the local authority to introdu...Published: 21 Nov 2021 at 09:10hrs | 7 | by Staff Reporter
Russian fertiliser producer opens base in Zimbabwe
UNITED Fertiliser Company Limited (UFCL), a Russian firm with a global footprint, has opened a branch in Zimbabwe.The latest development comes at a time when the Government, under the Second R...Published: 29 Sep 2021 at 06:33hrs | 3 | by Staff reporter
BCC gets parking system deadline
THE Zimbabwe Investment Development Agency (ZIDA) gave the Bulawayo City Council (BCC) and Tendy Three private limited, 45 days to have signed the contract and begun work in the city's parking managem...Published: 05 Sep 2021 at 06:57hrs | 1 | by Staff reporter
Bulawayo contentious car parking system approved
CABINET has approved a proposed US$2 million Bulawayo Vehicle City Management System which is expected to result in the local authority collecting more in parking fees. The initiative will also see a ...Published: 12 Aug 2021 at 06:38hrs | | by Staff reporter
Zimbabwe issues 55 medicinal mbanje/ cannabis licences
THE Zimbabwe Investment Development Agency (Zida) has to date licensed 55 local and foreign investors for their medicinal cannabis sector-based strategy, meant to promote investments into the country....Published: 01 Aug 2021 at 06:40hrs | 5 | by Staff reporter
US demands end to rights violations
UNITED States ambassador to Zimbabwe Brian Nichols has challenged President Emmerson Mnangagwa's government to walk the talk on reforms if the country is to attract themuch-needed investment to pu...Published: 27 May 2021 at 07:14hrs | 1 | by Staff reporter
Foreign direct investment dries up
FOREIGN investment inflows to Zimbabwe last year fell by 23.7% to US$40.06 million compared to the same period in the previous year, with analysts attributing the decline to the outbreak of Covid-19 p...Published: 28 Feb 2021 at 15:33hrs | 11 | by Staff reporter
Zimbabwe must embrace 'spirit of optimism and confidence'
IT is my singular honour and privilege to have been invited to address this virtual Africa Reconstruction Global Summit organised by the World Economic Congress.The theme of this conference, Colla...Published: 10 Feb 2021 at 06:16hrs | 2 | by ED Mnangagwa
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