Zimbabwe Investment and Development Agency

Climate Impact & Sustainability Data (2023)

Increased Agency output following the successful engagement of a young dynamic team, with a total of 40 new employees engaged between May and December. Reduction in staff turnover to 8% from 38% and 19% in 2021 and 2022 respectively.
Structured staff wellness programme
Continuous employee engagement which is visible in the 82% Employee Engagement Index (EEI) reported in December.
Lectures for Diplomatic Students
Familiarisation Tours for Business Studies Students
ZIDA Public Lectures

Emphasising regulatory compliance and adherence to best corporate governance practices
Timeous submission of required corporate governance performance and financial documentation to the relevant statutory offices, and commencement of development of a Corporate Standard Procedure Manual
Agency Management worked with the Advisory Board to review and report on its performance at the half year mark in July, in line with the Corporate Governance framework.

Short-term Goals:

Slow rate of financial investment linked to COVID-19-related delays, leading to delays in starting project operations.
Repatriation of funds from Zimbabwe
Long turnaround time in opening bank accounts locally.
Continued interruption of power supply
Time-restricted Residence Permits.

Improved facilitation of investor services through the Agency’s One Stop Investment Service Center (OSISC), mapping and streamlining of its operational processes, resulting in a total of 615 new licences issued
Introduction of the long-awaited Investor Grievance Response Mechanism (IGRM)
Increased inter-agency cooperation through Service Level Agreements (SLAs)
Intensified monitoring and evaluation processes

Frameworks Used: IPSAS

Third-party Assurance: BDO Zimbabwe Chartered Accountants