Zimbabwe investment inflows decline

Zimbabwe investment inflows decline
Published: 07 August 2013
THE Zimbabwe Investment Authority (ZIA) has approved investment projects worth $184 million for the half year ending June 30 2013 compared to $247 million realised in the same period last year as investors continue to be averse due to the country’s policy inconsistency and uncertainty.

According to the latest statistics from ZIA, 80 projects were approved, creating employment for 4 118 people in the period under review as compared to 89 projects in 2012.

The manufacturing sector received investments worth $90 million for 32 projects, followed by mining with $81,4 million for 34 projects and the services sector got $9,3 million for 12 projects.

Only two projects were approved for the tourism sector with a value of $3,4 million, while for agriculture, construction and the transport sector, there were no investments during the period.
- newsday
Tags: Investment,


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