ZIDA launches ground breaking e-platform


THE Zimbabwe Investment and Development Agency (Zida) yesterday launched an electronic platform called Do It Yourself (DIY), a ground-breaking initiative aimed at enhancing the ease of doing business in the country.

Speaking at the launch, Zida board chairperson Busisa Moyo said the portal represents a pivotal shift towards modernisation and efficiency, positioning Zimbabwe as a competitive player on the global investment landscape.

“In recent years, Zimbabwe has witnessed a steady increase in foreign direct investment and domestic direct investment — a large number of them passing through Zida — as has been on the agency’s recent quarterly performance reports,” he said.

“These investments span various sectors, including agriculture, mining, tourism, and manufacturing, highlighting our country’s diverse opportunities. However, we recognise that untapped potential is still waiting to be unlocked.”

He added: “Launching the DIY Portal is a significant step towards realising this potential by creating a faster and much easier route for an investor in any part of the world to access Zimbabwe’s investment opportunities.

“By simplifying procedures, reducing red tape, and providing greater transparency, we are sending a clear message to investors: Zimbabwe is open for business, and their investments are welcome and protected.”

Last year, the country received 761 investment applications and out of this figure, 616 licences were issued. The agency renewed 415 licences, with an actual investment value of US$1,2 billion.

Of the total projected investment value in 2023, the energy sector attracted more investment of US$3,525 billion, followed by mining at US$2,602 billion.


Author of article: Blessed Ndlovu