World Economy

Zimbabwe Approves $3b FDI

Zimbabwe Approves $3b FDIZimbabwe Approves $3b FDI

The Zimbabwe Investment Authority has approved investments worth $3 billion for 2015 across all sectors of the economy as the drive to increase foreign direct investment gathers momentum, an official said on Sunday, NewsNow reported. The figure is a sharp increase from the $715 million worth of approved projects recorded last year during the same period. Speaking at the 3rd edition of the Zimbabwe Investor Awards in Harare on Friday, ZIA chairman Nigel Chanakira said more investments were expected to be approved by the end of the year as some foreign investors expressed an interest in the country.