ZIDA to prioritise domestic investment
Senior Business Reporter
Notwithstanding its key mandate to drive direct foreign investment into Zimbabwe, the nascent Zimbabwe Investment Development Agency (ZIDA), will also focus on clearing the path for domestic investment.
This is particularly vital given the inward-looking economic trends that have emerged across the globe as a result of the Covid-19 pandemic.
Said chief investments and corporate affairs officer Tino Kambasha: “We are quite excited about the new baby (ZIDA) and one of its key elements is the One Stop Investment Service Centre (OSISC). We think our biggest stakeholders are Zimbabweans themselves. We need to find out what is hindering us to do business among ourselves. Domestic direct investment is also our priority.
The Short, but Long History of Zida
January 6, 2021
Right at the end of last year, on December 17 to be precise, President Mnangagwa performed the final rite that completed the setting up of a fully-fledged Zimbabwe Investment and Development Agency (ZIDA).
He officially launched the agency in the presence of his two Vice Presidents Constantino Chiwenga and Kembo Mohadi and several Government and ZIDA officials.
It was a grand finale following months of several other steps in the build-up.
ZIDA effectively creates a One-Stop Investment Service Centre for investors, raising hope that those with capital will soon find it much easier to bring it for investment in Zimbabwe.
ZIDA: Conduit for free flow of investment, NDS1 success herald.co.zw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from herald.co.zw Daily Mail and Mail on Sunday newspapers.