Published: 23 April 2014

The Zimbabwe Investment Authority approved a total of 30 investment projects valued at $93,4 million in the first quarter of 2014 compared to 37 projects worth $37 million in the same period last year.

According to latest figures from ZIA, 1 768 jobs were created in the three month period from 1 352 jobs created last year.

Of the 30 projects, mining attracted the bulk of investments valued at $65,6 million while 8 projects worth $22,4 million were approved in the manufacturing sector.

In the prior year, manufacturing had 17 projects worth $9,6 million while mining had 13 worth $22,8 million.

Services had 8 projects worth $5,2 million in the period under review while other sectors such as transport, agriculture, tourism and construction had no investment.

Export earnings for the period stood at $77,2 million up from $34,4 million last year.

A total of $25,7 million worth of equipment was brought into the country from $13 million worth of equipment last year.

Despite the increase in the value of approved projects, the rate of implementation has, however, remained at less than 50 percent.

Zimbabwe’s foreign direct investment in-flows in 2012 reached $400 million after receiving proposals totaling $909 million.
- BH24

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