Zimbabwe Welcomes Investors with Open Arms

By  Sam Mupedziswa 

Zimbabwe is aggressively courting foreign and diaspora investors, assuring them that the country is a safe and viable destination for business. With a stable presidential republic system of governance, Zimbabwe boasts a clear separation of powers, providing predictability and stability for investors.

The government has implemented significant reforms since 2017, creating a conducive environment for investment. The Zimbabwe Investment and Development Agency (ZIDA) Act established a One Stop Investment Services Center (OSISC), streamlining procedures and reducing costs for starting a business.

Investors can enjoy attractive incentives, including zero-rated income tax for the first five years and a corporate tax rate of 15% thereafter. Special allowances and rebates are also available for imported equipment, machinery, and raw materials. Additionally, Zimbabwe offers a significant market with a growing population of over 15 million people.

Key sectors ripe for investment include agriculture, manufacturing, tourism, and finance and capital markets. The government has also committed to compensating farmers who lost land during the Fast Track Land Reform Programme and protecting investments through Bilateral Investment Promotion and Protection Agreements (BIPPAs).

Zimbabwe’s strategic location, rich natural resources, and skilled workforce make it an attractive destination for investors. The government’s efforts to improve the business environment and protect investments have created a favorable climate for growth and returns.