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Economy

Encourage ease of doing business, procedure and the attendant costs.

In Progress

Removal of State cannabis ownership rules to bring investors

https://www.bloomberg.com/news/articles/2021-05-12/zimbabwe-scraps-state-cannabis-ownership-rules-to-lure-investors     

May 12, 2021

Government abolished a rule which requires co-ownership between government and private investors in the cultivation of cannabis for medicinal use.

Previous Updates

Approval of Investment Projects

https://www.veritaszim.net/node/5205     

Aug. 11, 2021

Cabinet considered and approved the following four (4) Investment Projects 1. Proposed Partnership between Bulawayo City Council and Tendy Three (Pvt.) Ltd. on the Bulawayo Vehicle Parking Management System Project; 2. Proposed Partnership between National Oil Company of Zimbabwe and COVEN Energy Ltd. to develop a Second Petroleum Products Pipeline and establish Harare as a Regional Hub for Refined Petroleum Fuel Supplies to the Land-locked SADC States; 3. Proposal for Investment by a Belarusian Independent Power Producer in a 100 MW Solar Energy Plant. 4. Proposed Partnership involving ZMDC, SIM SEA Pvt Ltd and Honghua International for the resuscitation of Angwa Shaft and the processing of the dump at Chidzikwe.

Approval of the Zimbabwe Investment Guide

Herald

    

Feb. 27, 2020

Cabinet considered and approved the Zimbabwe Investment Guide as presented by the Minister of Finance and Economic Development. The Guide is a facilitative tool to the implementation of the new National Investment Policy in the wake of the promulgation of the Zimbabwe Investment and Development Agency (ZIDA) Act. It outlines, inter-alia, the country’s investment opportunities, the tax system and investment incentives. Government will periodically review the Investment Guide to ensure that investors remain current with regard to Zimbabwe’s investment requirements and incentives.

Improvement of Ease of Doing Business Ranking

Herald

    

Oct. 25, 2019

Zimbabwe has improved its Ease of Doing Business rankings by 15 places for 2020, driven by good performances on starting a business, streamlining approvals for construction permits and a reduction of the business licensing fee by Harare Municipality.

Zimbabwe Investment and Development Agency (ZIDA) Bill to improve Ease of Doing Business

Newsday

    

April 24, 2019

The gazetted Zimbabwe Investment and Development Agency (ZIDA) Bill will among other things, seek to curb environmental degradation by big investment projects. The Bill is aimed at improving reforms on ease of doing business as well as to attract the much-needed foreign direct investment into the country. Legal think-tank Veritas said the Bill seeks to establish the management and finances of the new ZIDA and its one-stop investment services centre, which will guarantee non-discriminatory treatment to investors, investor obligations, including social responsibility. 

Doing Business 2020: Comparing Business Regulation in 190 Economies: World Bank Group

    

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