The Zimbabwe Investment & Development Adency (ZIDA) - Harare - Zimbabwe

The Zimbabwe Investment & Development Adency (ZIDA) is a statutory body established by the ZIA Act No 4 of 2006 (Chapter 14:30) with the mandate to promote, facilitate and coordinate both foreign direct investment and local investment. ZIDA is an institution born out of the merger of the Export Processing Zones Authority (EPZA) and the Zimbabwe Investment Centre (ZIC). This was done to create a one stop Investment shop for quicker and easier facilitation of investment.

The Zimbabwe Investment Development Agency (ZIDA) is a government agency responsible for promoting and facilitating both local and foreign investment in Zimbabwe. The agency was established as a result of the integration of three investment authorities that were previously housed in different government ministries and departments. ZIDA operates as a one-stop shop for investors, providing a range of services to help investors realize their plans from the first time they enter the country to the expansion of existing operations.

One of the key strengths of ZIDA is its commitment to providing a clear, comprehensive, and binding legal and regulatory framework for conducting investment activities in the country. This framework is designed to empower both domestic and foreign investors to succeed in Zimbabwe. ZIDA’s experienced team provides invaluable guidance, unwavering support, and industry insights throughout the investment journey.

ZIDA operates a One Stop Investment Services Centre (OSISC), which provides investment services ranging from investment analysis, company registration, tax registration and clearance, licensing, connecting to all necessary utilities, investment promotions, public relations, and aftercare services. These services were previously provided by different entities scattered all over the place, but ZIDA has significantly integrated and abridged the procedures, thereby reducing the turnaround time for investing in the country.

Zimbabwe boasts a rich tapestry of minerals, including the world’s largest high-grade chromite resource base1. The country is also a key hub within the road and rail corridor in the Southern African Development Community (SADC) region1. ZIDA is here to facilitate local and foreign direct investment into Zimbabwe by sharing investment opportunities, legal requirements, business procedures, and associated costs. ZIDA can assist local and foreign investors to conceptualize, start, and grow their investments in the country by providing information, site visits, and administrative support throughout the investment lifecycle.

In conclusion, ZIDA is a valuable resource for investors looking to invest in Zimbabwe. By providing a comprehensive range of services, a clear legal and regulatory framework, and a strong commitment to supporting investors, ZIDA is helping to improve the investment climate in Zimbabwe and contribute to the development of the local economy. Its focus on transparency, integrity, and excellence makes it a model for other investment promotion agencies in Africa and beyond.