Agriculture, construction, energy, mining, biotech, health, and tourism represent the most promising market opportunities in Zimbabwe. Once known as the breadbasket of southern Africa, Zimbabwe’s weak investment climate, land tenure challenges, and corruption have prevented the agricultural sector from reaching its full potential.
Nevertheless, government efforts to provide credit to farmers on market terms have helped farmers purchase American agricultural equipment. For example, the government concluded a US$51 million deal with John Deere in 2020, which provided equipment to farmers at interest rates of less than 7 percent per year. Other agricultural equipment firms are actively working to replicate John Deere’s success.
Many international firms use contract farming arrangements for export crops including tobacco, cotton, and various horticultural products, and there are opportunities for the country to boost agricultural production if it adopts biotechnology.
The COVID-19 pandemic underscored the need to modernize Zimbabwe’s healthcare sector. There is a robust market for private health care, and the public sector needs considerable updates. U.S. companies have found opportunities to provide equipment and pharmaceutical products and have explored hospital upgrade projects.
Zimbabwe offers the potential to participate in infrastructure projects in energy, rail, and road networks through public-private partnerships (PPPs), though financing sometimes presents a challenge. The government has prioritized the development of solar energy, which experts note is well-suited to Zimbabwe’s climate.
The GOZ’s efforts to spur mining development open opportunities for equipment manufacturers, investors, and energy suppliers. In 2020, the government passed Finance Act (No 2) removing diamonds and platinum from minerals subject to majority shareholding by black Zimbabweans and finally ending indigenization requirements in all sectors.
While Zimbabwe’s largest internet provider, Econet, estimated the internet penetration rate in 2020 at 33.4 per cent and the smartphone rate at 52 percent, Zimbabweans used digital payment systems for 96 percent of all formal transactions. Mobile data in Zimbabwe is among the most expensive in southern Africa. Rapid digitalization of Zimbabwe’s economy will require significant investment in 5G infrastructure.
Zimbabwe’s many natural wonders make it an attractive tourism destination: Victoria Falls, spectacular parks and wildlife, including the Big Five (buffalo, elephant, lion, leopard, and rhinoceros), and archaeological sites such as Great Zimbabwe. Tourism currently caters to luxury travel with room to expand in the less-developed middle-class segment. Should the GOZ improve its international reputation by strengthening its respect for human rights and fundamental freedoms, its underdeveloped tourism sector would likely experience new growth.
Additionally, a growing number of Zimbabwean companies express interest in selling U.S. products, such as pharmaceuticals, motor oil, and electrical and agricultural equipment.
What products are in demand in Zimbabwe?
If you want to start a business dealing with fast-selling products in Zimbabwe, here you go:
- Meat And Eggs. Meat is a good niche to settle for given the ever-present demand for it.
- Fast Foods.
- Fuel And Gas.
- Stock Feeds And Veterinary Products.
- Fruits And Vegetables.
- Starch-Based Food Products And Snacks.
Which jobs are in demand in Zimbabwe?
- JOBS ARE MOST IN DEMAND IN ZIMBABWE.
- Drivers. Secretaries, PAs, Administrative Assistants & Office Support Staff.
- Civil low $1900-3500 2-3yrs Bachelor of Engineering (Honours) Degree in Civil Engineering.
- SCIENCE AND MATHEMATICAL SCIENCES.
- Natural Sciences – Geological.
- FINANCIAL SECTOR.
- Investment Advisor.
What is the selling product in Zimbabwe?
Best Selling Products In Zimbabwe Online 2022
- Home and Garden.
- Health and Beauty.
- Toys and Games.
- Sports and Outdoors.
What are the most consumed products in Zimbabwe?
‘The national staple is sadza, the white maize meal porridge most locals are raised on. The second component of the Zimbabwean diet is meat (or nyama). Other commonly consumed types of food include rice, beans, lentils, peas, corn-soya blend, sorghum, and bulgur wheat.
What can I invest in to make money in Zimbabwe?
The priority sector for investment includes mining, manufacturing, agriculture, tourism, ICT and infrastructure development. In the mining sector, the following major tradeable minerals offer investment opportunities: Gold, Platinum, Chromite, Coal, Nickel, Diamond, Iron ore, Copper and Coal Bed Methane.