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About Zimbabwe

Capital City: Harare

Estimated population of 1,606,000 (2009), with 2,800,000 in its metropolitan area.  Administratively, Harare is a metropolitan province, which also incorporates Chitungwiza town and Epworth.

Other Major Cities

Bulawayo, Gweru, Mutare, Masvingo

Population                                            Area

17.3 million                                             390,757km2 (2018 estimate)

Intl. Dialling Code                                 Time Zone

Currency

Zimbabwean Dollar

Languages

Official Language:

English is the main language used in business, education and judiciary systems.

Other Languages:

Shona (spoken by 70% of the population), Ndebele (20%). Other minority languages include Venda, Tonga, Shangaan, Kalanga, Sotho, Ndau and Nambya.

Trade Agreements

Zimbabwe is a member of several multi-lateral trade agreements including Southern African Development Community (SADC); Common Market for Eastern and Southern Africa (COMESA); and Interim Economic Partnership Agreement (iEPA) with the European Union. Zimbabwe is also a member of the International Labour Organisation (ILO); the International Monetary Fund (IMF); World Customs Organisation; and the World Trade Organisation (WTO)

TRADE

With its geographical centrality within the SADC region, Zimbabwe is land-linked, sharing borders with South Africa, Mozambique, Botswana and Zambia. As such, it offers ease of logistics for trade within the region and beyond.

Currently, exports are largely destined for South Africa, Mozambique, United Arab Emirates, Zambia, Netherlands and Belgium.

Zimbabwe’s primary export revenue derives from the country’s huge mineral wealth including platinum, diamonds, gold, copper, nickel and granite.

Zimbabwe has vast lands suitable for cultivation, with rich soils and a temperate climate that allows for the export of a variety of crops all year round. Whilst Zimbabwe’s tobacco is world-renowned, the country also supplies a range of fresh produce to the region, Europe and Asia. Top among these are avocadoes, macadamia nuts, honey, citrus fruits, mange tout and snap peas, and a variety of other fresh fruit and vegetables.

Zimbabwe’s manufacturing sector supplies among other things, high quality leather and leather goods, farming inputs, mining supplies, and clothing and textiles to the region and beyond.

Zimbabwe’s major sources of imports include South Africa, Singapore, China, Zambia, Japan, Mozambique, United Kingdom, India, Mauritus and United Arab Emirates.

Imports are led by petroleum oils, with imports of electrical energy, medicaments, motor cars, phone sets, maize (corn), motor vehicles, soya, rice, fertilisers also contributing meaningfully to our trade.

Companies can take advantage of the Zimbabwe and Botswana trade agreement that was Ratified in 1988 and allows for reciprocal duty free trade on all products grown, wholly produced, or manufactured wholly or partly from imported inputs subject to a 25 percent local content requirement.

SECTORS

  • Agriculture

Agriculture is a pillar of the Zimbabwean economy, with the potential to enhance economic turnaround in the short to medium term.

Zimbabwe has one of the best climates in the world with good weather conditions and organic soils amenable to the growing of numerous crops including horticultural products.

Agriculture remains a major driver of growth, and is projected to expand by five percent in 2020, on the back of better expected rainfall and forward planning. Main contributors in the sector are tobacco, cotton, sugar cane, oil seeds, maize, coffee, tea and livestock production. Zimbabwe is embracing Climate Smart Agriculture (CSA) which harmonises agriculture development with environment protection and reduction in vulnerabilities to climate change.

Investment opportunities in the sector include contract farming arrangements, financial and technical services provision, infrastructure rehabilitation and development (e.g. irrigation); agro-processing as well as agriculture value chain development. Opportunities for value addition are in the horticulture, tobacco, cotton, sugar, leather and forestry subsectors, among others.

For more information about Zimbabwe, CLICK HERE.