The Zimbabwe Investment and Development Agency (ZIDA) has secured two significant mining investment deals, showing a promising growth trajectory for the country’s mining sector. Ajako United (Pvt) Ltd has committed a projected US$6.94 billion for mining, processing, and trading minerals, while Innermost Resources Zimbabwe (Pvt) Ltd has pledged US$1.4 billion for gold mining and processing.

These investments aim to elevate Zimbabwe’s gold production from 200 tonnes to 300 tonnes annually by 2025. ZIDA’s 2023 Quarter Four report highlighted the mining sector as a focal point, with 63 licences issued, 76% of which were in mining.

The agency accentuated attracting foreign investors, with significant contributions from South Africa, Botswana, the United Arab Emirates, the Netherlands, and China. Collaborations with financial institutions like Nedbank and Ecobank aim to streamline investment processes and promote Zimbabwe as an attractive investment destination.

ZIDA remains dedicated to driving sustainable growth and innovation to attract responsible investments and foster development in the region.