THE Zimbabwe Investment and Development Agency (ZIDA) has launched a nationwide provincial investment drive aimed at attracting domestic and foreign capital into the country’s ten provinces.
The investment drive is being rolled out through a series of provincial investment dialogues that bring together the government, local authorities, development partners, financial institutions and the private sector.
Zimbabwe Investment and Development Agency (ZIDA) chief executive officer, Tafadzwa Chinamo, said the success of devolution would depend on provinces developing bankable investment projects.
“While policies provide frameworks, projects must deliver results. As such, the devolution policy must translate into bankable projects that attract investors,” Chinamo said.
“The ideas must solve problems, create value and attract capital. The proposed projects must demonstrate profitability, scalability and sustainability.”
He said the government's decentralised investment strategy presents an opportunity for provinces to harness their unique comparative advantages, turning local resources into productive industries that stimulate economic activity and create employment.
It also seeks to unlock local resources, stimulate value addition and position every province as a competitive investment destination.
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