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Chinamo said as Zimbabwe continued to seek investment opportunities, the dialogue around the role of state institutions remained central to the country’s development strategy.
Although Zimbabwe has been under US sanctions since 2000, officials said the southern African country approved US$175 million worth of FDI proposals last year.
When a license is issued, it is not indefinite, it is not perpetual. There is a requirement for investors to renew that license after a certain period. It could be one or two years.
Tafadzwa Chinamo, chief executive officer at Zida, told the Zimbabwe Independent on Wednesday that the US$9,7 billion was almost double the year's target of about US$5 billion.