Agricultural Sector: The Seeds of Success
Explore the pivotal role of Zimbabwe’s agricultural sector, a key driver of economic growth and stability.
- Why Zimbabwe's Agriculture Sector?
The agricultural sector is a major component of total value added in Zimbabwe, the largest employer, and the country’s second largest source of exports earnings. The sector contributes to the livelihood of over 60% of the country’s population, 23% of formal employment, 63% of raw materials required by the manufacturing sector, 30% of export earnings and 15% to Gross Domestic Product (GDP). The sector has strong backward and forwards linkages that enhance the production value chain.
Since 2019, the country’s agricultural production has risen by a compounded annual growth rate of 94.8%, from about US$5 billion in 2019 to US$7.2 billion in 2023 as reported by the Ministry of Lands, Agriculture, Fisheries, Water and Rural Development. The sector growth has been driven by cotton, eggs, soyabean, maize, sugar and groundnuts. Click here to view the agricultural production growth.
Starting in 2015, the Government of Zimbabwe started to place additional emphasis on the importance of agriculture, especially through its fiscal and quasi-fiscal activities under Command Agriculture. This commitment to agriculture is bolstered by the medium-term Transition and Stabilization Plan (TSP) and the Vision 2030 long-term development strategy, which aim to transform Zimbabwe into a middle-class economy. Sector specific programs such as the Horticulture Recovery Growth Plan are contributing to creating a more enabling investment environment.
1. Offer Letter – Ministry of Lands, Agriculture, Water, Fisheries, and Rural Development
2. Lease Agreement – Ministry of Lands, Agriculture, Water, Fisheries, and Rural Development
3. Certificate of Registration – Agricultural Marketing Authority
- All companies operating in Zimbabwe must honor their tax obligations and should therefore register as a taxpayer with the Zimbabwe Revenue Authority. Proof of tax compliance may be requested in the form of a Tax Clearance Certificate issued by the Zimbabwe Revenue Authority in the process of acquiring sector-specific permits/approvals or opening a bank account.
- All employers in Zimbabwe must be registered with the National Social Security Authority. Proof of compliance may be requested in the form of a Compliance Certificate issued by the National Social Security Authority. It is also a requirement that all employers register their employees with the National Social Security Authority.
Investment Opportunities
Zimbabwe provides a fertile ground for investment in a number of areas. Explore diverse investment possibilities, from large-scale commercial farming and agribusiness ventures to smallholder support and value chain development. Sector opportunities include:
- Dairy Farming and Dairy Value Chain
- Horticulture
- Floriculture
- Coffee
- Sugar
- Soyabean
- Leather
- Cotton
- Cereal Milling
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