ZIA approves projects worth US$120m

“We are still looking at others projects. It takes some time before we approve projects right now because we are trying to change the economy,” ,” he said in an interview.

Business executives have said the ZIA takes too long before approving projects. Mbaiwa confirmed this observation.

The Minister of Investment Promotion and Development, Tapiwa Mashakada said:  “We are ready for investment and welcome it from all quarters.
Mashakada said the country was currently revising the Indigenisation Act. He also pointed out that Foreign Direct Investment (FDI) in Africa had been mainly from Asian markets.
He also added that Zimbabwe’s investment policies have been integrated by mutual understanding, Mashakada said.

Meanwhile, the United Nations Conference on Development and Trade (UNCTAD) said Zimbabwe had improved its investment levels.