The Zimbabwe Investment Authority (ZI) approved investment projects worth $38.6 million in the first month of this year, with the majority being in  the mining sector. 

The approved investment projects were almost half of the projects that were approved over the same period last year due to the slow uptake in projects. 

A total of 7 projects have so far been approved this year with a potential to create 976 jobs compared to 13 approvals recorded last year. 

The mining sector received investment worth $33.1 million for 3 projects, followed by manufacturing with $4 million for 3 projects and the services sector was $1.2 million with one project. 

No investments were received for the agriculture, construction, tourism and transport sectors.

Tags: ZIA, Projects,