Agricultural Sector: The Seeds of Success
Explore the pivotal role of Zimbabwe’s agricultural sector, a key driver of economic growth and stability.
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.
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:
The Zimbabwe Investment Development Agency (ZIDA) is your dedicated partner throughout your mining investment journey. Our experienced team provides invaluable guidance, unwavering support, and industry insights to empower your success.