Africa Singapore Business Forum, 28 - 29 August Country Panel Presentation - Zimbabwe www.enterprisesg.gov.sg/asbf

1. ZIMBABWE COUNTRY
PRESENTATION
Richard Mbaiwa
Chief Executive Officer
Zimbabwe Investment Authority

2. • About ZIA - Mandate
• Overview of the Zimbabwe Economy
• Why Invest in Zimbabwe
• Investment Opportunities by Sector
• Concluding Remarks
SCOPE OF PRESENTATION

3. ZIA Mandate
Premier investment promotion
agency of Zimbabwe, and part of
Government
Position Zimbabwe as investment
destination choice
Promotes investment led
development
Brings together investor community
& the regulatory agencies
Champions investor related issues
 To deal with applications for investment
Licenses
 To promote, facilitate and coordinate
domestic and foreign investment in
Zimbabwe
 To promote joint ventures between
domestic and foreign investors
 To promote decentralization of investment
 Policy Advisory Role: Advise the Minister
on investment policy & all matters relating
to investment in Zimbabwe so as to
enhance economic growth

4. Strategic Location of Zimbabwe
• Centrally located in the heart
of Southern Africa.
• A member state of SADC
(regional) and COMESA (largest
economic bloc in Africa)
COMESA Market Size:
•492.5 million people (UNCTAD
2016)
•GDP-US$ 657.4 billion (UNCTAD
2016)

5. % GDP composition 2015
5
Structure of the Economy
(Sectoral Contribution to GDP %)

6. MACRO-ECONOMIC TRENDS:GDP Growth.
16.3
13.3
5.3
2.8
1.4
0.7
3.7
4.5
5.6
0
2
4
6
8
10
12
14
16
18
2011 2012 2013 2014 2015 2016 2017 2018 2019
GDP growth %
GDP Gwth

7. Foreign Exchange System
Multicurrency
System

8. Foreign Exchange System
• No restriction on the amount of foreign currency
brought into the country ;
• Equity investment in cash or capital equipment ;
• 100% repatriation of disinvestment proceeds;
• 100% remittance of dividends;
• Operation of local foreign currency accounts (FCA);
• Borrowing from local financial system for working
capital purposes;
• Offshore borrowing permitted:
"Your Investment, Our Passion" 8

9. Why invest in Zimbabwe
• Centrally and strategically located in the SADC region which
provides a regional gateway (North-South Corridor) & access to
major regional markets of SADC/ COMESA;
• Diverse natural resource endowments;
• Strong human capital base – highest literacy rate in Africa above
90,7% (the African Economist, 2015);
• Friendly, hard working & peace loving people;
• Fully liberalized current account which facilitates ease of doing
business;

10. Why invest in Zimbabwe
• Pro-market trade and investment policies being implemented -
Ease of Doing Business Reforms;
• Government’s commitment to Bilateral Investment Promotion
& Protection Agreements (BIPPAs) and Multilateral Investment
Guarantee Agreements;
• Voted World Best Climate (International Living Magazine);

11. 11
Investment Opportunities by Sector

12. Agriculture
• Mainstay of the Zimbabwean economy;
• Excellent soils, water bodies and climate for perennial agriculture;
• Backward and forward linkages with the major sectors of manufacturing, tourism,
mining and service sectors.
• Opportunities Include:
• Primary Production of:
•food and cash crops, horticulture, livestock, Poultry farming, fishing and fish farming.
•Contract farming
• Value addition in the agriculture sector, for instance,
• meat processing, -fruit juice manufacturing,-export of horticulture and floriculture,
• processing of cotton lint, -sugar milling timber processing.

13. Mining
• Over 60 recognised minerals
• Areas of mineral concentrations –
– The Great Dyke,
– The Mashonaland Dolerite Dykes,
– Murowa and Chiadzwa Alluvial
Diamond Deposits,
– Sedimentary rocks scattered across
country
• The chief minerals are –
• Diamonds, gold, lithium, coal, copper,
nickel, tin, platinum, iron, chrome, clay &
others
• Investment Opportunities
• Prospecting, mining, and value addition
13

14. Infrastructure Development
• Major opportunities
include:
– Transport (roads, bridges,
railways and airports)
– Communications (ICT
infrastructure)
– Water and sanitation
infrastructure
– Agriculture infrastructure
including dams and
irrigation schemes.
– Industrial parks and factory
shells
14
Private sector is welcome to participate in the development
& provision of infrastructure on a public private partnership
(PPP basis)

15. Energy Sector
• SCOPE
– Abundant coal reserves
e.g. Hwange 300 million
tonnes, Sengwa 500
million tonnes, Save –
Runde 438,2 million tonnes
– Untapped coal-bed
methane reserves
– High solar radiation levels
• Investment Opportunities
– Coal Field Development &
Supply of Equipment i.e..
Dragline, Shovels dump
trucks, forklifts and spares,
coke oven batteries
– Gas Field exploration and
development,
– Power station construction
and accessory facilities,

16. Manufacturing
Sector
Investment opportunities in
manufacturing value chains:
– Cotton to Clothing
– Beef-to-leather value
chain
– Horticultural farm-to-juice
– Chemicals and Fertilizers,
– Wood & Furniture
– Metals & Metal products
16

17. Tourism Sector
• Joint venture investments in Hotel and
Catering industry, services and other
downstream related activities.
• Safari and tour operations of game
(The Big 5)
• Conservancies
• Eco-tourism- particularly high potential
area yet to be fully realised in Zimbabwe in
form of partnerships with local communities
(CAMPFIRE)
17

18. Information & Communication Technology (ICT)
Scope
• High literacy rate (91%)
• High urbanisation ratio
and presence of
computer savvy youths
• High appetite for
technology
Opportunities
• Assembly and manufacture of ICT
devices and accessories (phones,
tablets, TVs etc)
• Contact /call centres
• Data capturing and data
processing centres
• Other BPO models
• Training centres
18

19. Financial Services Sector
• Well established financial
architecture
• Strong regulators in place
for: banking, capital
markets, microfinance,
insurance and pensions
• Activity of international and
global banks
• Stable banking system
• Active stock market and
newly established
alternative market
Opportunities
• Recapitalization of existing banks
and insurance companies
• New banks
• Introduction of innovative financial
products
• Financial sector technology and
systems
• Payment systems gateways and
crossover platforms
19

20. Concluding Remarks
• As our President, H. E. E D Mnangagwa has said,
Zimbabwe is Open for Business and we invite you to
take advantage of the investment opportunities across all
sectors in Zimbabwe;
• Government is committed to continue working on reforms
aimed at enhancing the country’s ease of doing business
environment and to support private sector-led economic
growth;
• As the country’s investment promotion agency (IPA),
Zimbabwe Investment Authority is available and ready to
facilitate your investment in Zimbabwe.
20

21. Thank you for your attention!