A total of 90 projects worth US$131 million were approved in the first half of the year generating export earnings of US$90 million.
According to ZIA, key sectors such as agriculture; tourism, construction and transport did not receive any new investment projects in June.
With unemployment levels estimated at around 80 percent it seems there is no respite for the millions of unemployed people.
The agricultural sector, which has been dubbed key in turning around the countrys fortunes have had only one new investment since the beginning of the year worth US$2,1 million
Finance minister Tendai Biti during his mid-term 2010 budget review said the country failed to attract meaningful Foreign Direct Investment in the past 18 months.
This economy requires Regeneration, Revival and Refocusing, he said.
Only US$852 million was attracted in 2009 and, so far US$105 million has been invested and political discord fingered as constituting driver to the country having a huge the investment deficit.
Post published in: Economy