Zimbabwe Is Open For Business
The Republic of Zimbabwe is an independent country in Southern Africa and is well-endowed with mineral, agricultural and other resources. This has created opportunities for the growth of resource-based industrial activities. The country’s abundance of resources is open for tapping under the current 2018 economic theme ‘Zimbabwe Is Open For Business’. Zimbabwe is inviting far and wide; investors, the diaspora and industry captains to help rebuild its once glorious economy.
Zimbabwe is a 390 757 square kilometre landlocked country in Southern Africa and is bordered by South Africa (South), Zambia (North), Mozambique (East) and Botswana (West). It is with approximately 1% of its surface area being water. The population in 2017 has been estimated at 13 572 560. English remains the official business language with Shona and Ndebele being the other dominant other languages in use.
Zimbabwe is full of untapped natural resources. The economy has traditionally been based on agriculture with tobacco being dominant. This sector declined from 2000 onwards with the collapse of commercial agriculture. Since then mining has been the mainstay of the economy. Zimbabwe has significant agricultural potential especially in the horticultural sector but this potential has not been exploited to its maximum. Zimbabwe possesses abundant mineral reserves, with significant deposits of platinum, chrome, diamonds, coal, gold, coal bed methane, iron ore and other resources exist. The country is also blessed with significant world-class tourism attractions including Victoria Falls, Lake Kariba, the Eastern Highlands and a host of prime wildlife reserves.
Currently, Zimbabwe is presently transitioning towards a new economic order and is regaining its place as a leading African economy. The country is promoting the investment necessary for the rebuilding of its economy. The investment rules and regulations are now paving way for investors to engage again with Zimbabwe. Business ownership and participation rules have been enhanced significantly.
Zimbabwe offers a lucrative package of investment incentives which provide amazing opportunities for investors. Please visit our FAQs or Downloads section to know more about investment incentives in Zimbabwe.
Zimbabwe uses a basket of multi-currencies for its trade and investment transactions. These currencies include the United States Dollar (US$), Great Britain Pound (GBP), South African Rand (ZAR), Botswana Pula (BWP), the Euro, Japanese Yen (JPY), Australian Dollar (AUD), Chinese Yuan (CNY) and the Indian Rupee (INR).
Zimbabwe has access to world markets as facilitated by a number of Bilateral Trade Agreements. It is a signatory to a number of these bi-lateral and international agreements which include the following Investment Protection Agreements:
- Overseas Private Investments Corporation (OPIC)
- Multilateral Investment Guarantee Agency (MIGA)
- International convention on settlement of Disputes (ICSID)
- New York Convention on the enforcement of arbitral awards
- United Nations Convention on International Trade Law (UNCITRAL)