Key Competitive Attractions
The economy in Zimbabwe shrank dramatically from 2000 to 2009. From a position as one of the strongest economies in sub-Saharan Africa, it is currently one of the weakest. Hyperinflation has been a severe problem from 2003 to 2009.
Prior to 2000, the primary sectors of the economy were tourism and agriculture. Current production includes subsistence farming of maize and wheat. Traditional export items such as tobacco, cotton, coffee, soya beans, peanuts and fruits are no longer grown to a large scale.
Zimbabwe has number of mineral and metal deposits including platinum, diamonds gold, nickel, iron ore, copper and coal bed methane. In terms of industry, the government has identified the following strategic growth sectors: food processing, beverages, textiles, fertiliser, pharmaceuticals, motor industries, paper, chemicals and petroleum products.
The country has one of the highest literary rates in Sub-Saharan Africa, at over 90%. International airports include Harare, Bulawayo and Victoria Falls.
Assistance and Support For New Business Investors
The Zimbabwe Investment Authority (ZIA) is responsible for promoting and facilitating foreign and local direct investment. It functions as a one-stop investment shop, the main purposes of which include planning and implementing investment promotion strategies, facilitating the process of investment applications, identifying potential growth sectors and coordinating investment activities.
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