New Zimbabwe Bill to guarantee investments safety

THE Property Rights Bill is being finalised and would be tabled in Parliament before the end of the year as Government moves to guarantee safety of all investments in the country, Industry and Commerce Minister Mangaliso Ndlovu has said.

He told Business Chronicle in an interview in Bulawayo that the Zimbabwe Investment and Development Agency (ZIDA) Bill was set to be tabled before the Cabinet Committee this week.

The Bill is meant to provide assurance to investors about the country's commitment to property rights, said the minister.

"We have been consistent about addressing the investment climate and about assuring property rights in the new dispensation. A bill is coming and I will actually be bringing it to the Cabinet committee.

Zimbabwe Investment and Development Agency Bill should be tabled before Parliament before the year end," he said.

Minister Ndlovu said the Bill guarantees property rights and will also have a dispute resolution mechanism which is critical for investments.

Justice, Legal and Parliamentary Affairs Minister Ziyambi Ziyambi recently said Government will prioritise property rights and respect for rule of law. He said Government will support implementation of the Transitional Stabilisation Programme through crafting of sound policies.

Minister Ziyambi also said his ministry was working on laws that create a conducive business environment while aligning some laws with the Constitution.