馃嚳馃嚰ZimbabweSouthern Africa
Zimbabwe attracts only 3% of pledged investments over four years, Zida reports
via NewsDay Zimbabwe1 min read
Zimbabwe has only realized 3% of the billions of dollars pledged by investors over the past four years, according to the Zimbabwe Investment and Development Agency Zida. This low realization rate indicates that investors are withholding significant funds despite initial commitments. The country is also grappling with policy inconsistency and high input costs, which are weighing heavily on its industry. Industry and Commerce permanent secretary Tadeous Chifamba noted that authorities are working to strengthen the enforcement of local content policies. Meanwhile, Zimbabwe is initiating efforts to secure a US$25 million climate recovery boost. Other challenges include low prices for tobacco farmers, political tensions leading to violence and evictions in some areas, and a report indicating that only four African economies are structured for sustained industrial growth. The VFEX shows stability, but this masks underlying value issues. The country also faces a significant road safety crisis, with 17 dead and 33 injured in a recent coach crash on the Harare鈥揘yamapanda Highway, leading to a declared state of disaster.
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This summary was AI-generated from a story originally published by NewsDay Zimbabwe.
Must ReadThe Zimbabwean government is increasing efforts to repatriate its citizens affected by xenophobic attacks in South Africa. The Ministry of Local Government and Public Works, in collaboration with the Ministry of Foreign Affairs and International Trade, is coordinating the repatriation. The initiative focuses on ensuring the safe return of affected citizens, providing assistance such as food, temporary shelter, and transport from South Africa to reception centers in Zimbabwe. The government has activated its Emergency Fund and is engaging with over five humanitarian organizations, development partners, non-governmental organizations, church groups, and the private sector to bolster the response. Government departments at border entry points have also been activated to receive and facilitate the reintegration of returnees. The ministry has called for additional support from all stakeholders, emphasizing a "whole-of-government and whole-of-society approach" for this humanitarian cause. The number of Zimbabweans expected to return and specific details of the incidents in South Africa were not provided.
Must ReadZimbabwe aims to achieve US$1.56 billion in tourism revenue by 2026. The country is also seeking to boost its climate recovery efforts with a US$25 million initiative and is exploring membership in the AIIB for infrastructure funding, particularly in the energy sector. Additionally, Zimbabwe is looking to expand rabbit exports to African markets and is working on digitizing the Deeds Office to accelerate property transactions. Political tensions are noted, with concerns about Zanu PF's influence and a potential referendum. The ADF has urged South Africa to cease support for Zanu PF.
Must ReadZimbabwe is targeting a tourism revenue of US$1.56 billion by 2026. Other news includes political developments such as a Supreme Court declaration regarding a divorce consent dispute, discussions around the Constitution of Zimbabwe Amendment Bill No. 3 2026, and alleged financial power usage by Zanu PF to advance a one-party state agenda. Economic initiatives include an ambassador backing a rabbit export drive to African markets, a US$25 million climate recovery boost, and efforts by Ncube to secure infrastructure funding from AIIB. Social issues like political tensions leading to violence and forced evictions are also reported. Additionally, there are calls for Zimbabweans in South Africa to take precautions due to xenophobia, and an urge for South Africa to cease support for Zanu PF.