ZIDA Investment Licences Jump 19 Percent
Business Reporter
THE Zimbabwe Investment and Development Agency (ZIDA) issued 200 new investment licences during the fourth quarter of 2024, reflecting a 19,04 percent increase compared to the previous quarter. The growth has been attributed to an improvement in the licencing process, particularly the successful implementation of the online DIY (Do it Yourself) licencing portal, ZIDA said in its 2024 quarterly report. The DIY portal streamlines the process of applying for investment licences, reducing paperwork and bureaucratic delays. Investors can conveniently submit applications online, eliminating the need for physical visits to ZIDA offices, thereby increasing efficiency and saving time for both investors and ZIDA staff. Since its launch in February last year, the portal has facilitated 98,1 percent of all applications, demonstrating strong investor adoption of the efficient and streamlined method of submission. “I am . . . pleased to report that our vision to fully digitalise our operations was realised in the fourth quarter,” ZIDA chief executive Mr Tafadzwa Chinamo said in an executive summary of the report. “During the quarter, 98,1 percent of licence applications were initiated and processed on our “Do It Yourself” Licencing Portal reducing the average processing time to less than five days on average. ReadMore