Country Feature: Zimbabwe
Z I M B A B W E
General country info on Zimbabwe
Zimbabwe is located in the centre of Southern Africa between the Zambezi and Limpopo rivers. It bordered by Zambia to the North, Mozambique to the East, South Africa to the South and Botswana to the West. Situated at the heart of the North-South Corridor, Zimbabwe is an ideal railways, roads, power and telecommunications network regional logistics hub.
Zimbabwe has a population of 13.1 million people (2012) and has an Average Annual Population Growth Rate of 2.3%.
Zimbabwe trade statistics
Zimbabwe is open for Business:
Investment and Trade Opportunities
The resuscitation of Zimbabwe’s economy has been receiving tremendous support, both internationally and locally. Pronouncements by the President of the Republic of Zimbabwe, His Excellency Emmerson Dambudzo Mnangagwa, that “Zimbabwe is Open for Business,” have set out a development strategy for the country. The Government of Zimbabwe has been working tirelessly to achieve the country’s vision “To Become an Upper-Middle Income Economy by 2030.” Zimbabwe recognises the critical role of investment and trade to achieve the set vision. The economy is sustained by various sectors that offer lucrative and mutually beneficial opportunities for everyone.
In the mining sector, Zimbabwe boasts of over 60 internationally tradeable minerals from gold, copper, iron, coal to diamonds, platinum, lithium, chrome and plenty more. Investment is welcome in the mining value chain which includes exploration, extraction, finance, technical services, logistics, beneficiation and value addition.
Agriculture is the mainstay of the economy and it provides vertical and horizontal linkages to other economic sectors. This sector is linked with other major sectors of the economy as it is a source of the much needed agro-based raw materials. Zimbabwe has one of the best climates and fertile soils suitable to grow numerous crops. Investment opportunities in the sector are in the form of contract farming, provision of financial and technical services, production of maize, tobacco, cotton, tea, vegetables and flowers, timber, sugar, fruits, livestock, soya bean and many others.
Zimbabwe’s manufacturing sector is quite diverse with various sub-sectors such as food processing, packaging, engineering, beverages, construction, agricultural inputs and implements, pharmaceuticals, furniture, electricals, textiles and clothing. This sector plays a key role in the economy particularly in the value addition and beneficiation of the country’s primary products (raw materials) from the agricultural and mining sectors.
In the tourism sector, Zimbabwe is among the top 10 countries to visit in 2019 as listed by Lonely Planet, one of the renowned travel guide publishers. Thrill seekers and wildlife lovers will find some of the most pristine wilderness areas in Zimbabwe. All these can be explored from a choice of five-star exclusive luxury accommodation to do-it-yourself bush camping. Zimbabwe has vast tourist attractions. The Majestic Victoria Falls, the ancient stone fortresses of the Great Zimbabwe, the mystic Eastern Highlands, the mythical Lake Kariba and the mind-boggling balancing rocks in Matopos National Park, just to name a few, will leave one amazed and refreshed.
The Government of Zimbabwe is offering a variety of incentives in the Special Economic Zones. Investors should take advantage of these fiscal and non-fiscal incentives on offer. The gravy train has taken off, “Zimbabwe is Open for Business.”
For more details on Investment Guidelines and Opportunities in Zimbabwe, kindly download the document on:
https://www.investzim.com/reports-downloads/send/2-zimbabwe-investment-authority/16-investment-guidelines-and-opportunities-in-Zimbabwe
Contact details of Embassy of the Republic of Zimbabwe in Malaysia
H.E. Cuthbert Zhakata
Ambassador Extraordinary and Plenipotentially
Embassy of the Republic of Zimbabwe
124, Jalan Sembilan
Taman Ampang Utama
68000 Ampang
Selangor Darul Ehsan
Tel & Fax: +603-4266 8779
Email: zimkualalumpur@zimfa.gov.zw
Email: zimembk@gmail.com