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Mnangagwa takes turnaround agenda to ZITF

by Staff reporter
24 Apr 2019 at 07:32hrs | Views
GOVERNMENT has taken its reform agenda to the Zimbabwe International Trade Fair (ZITF), as part of efforts to lure investors and resuscitate the country's struggling economy.

In a statement yesterday, the Office of the President and Cabinet (OPC) said it will be showcasing reforms within the wider integrated results-based management framework, whose underlying objective would be to create a business-friendly environment.

"The reforms cover 10 main areas of business regulation that constitute and affect a business in its life cycle. These include starting a business, dealing with construction permits, getting electricity, registering property, getting credit (accessing finance), protecting minority investors; paying taxes, trading across borders, enforcing contracts and resolving insolvency," part of the statement read.

The ultimate aim of the reform process is to mobilise local and foreign investors in line with President Emmerson Mnangagwa's intonation that "Zimbabwe is open for business".

The main highlights of the exhibition would be the achievements made since 2015 that include improving the business environment and enforcement of contracts and protecting minority investors.

"This has resulted in the establishment of Small Claims Courts in the 10 provinces to deal with civil disputes and Commercial Courts at magistrate level, whose mandate is to expeditiously deal with commercial disputes, … ensuring increased access to justice by our business sector.

"The other area being highlighted at the OPC stand is the policy framework, with a view to communicating to the public how they can participate in policy formulation, and implementation as a way of ensuring that policies are inclusive," the statement added.

Government envisions achieving an upper middle-class income status for the country by 2030.

In line with the goal, the OPC is also spearheading State enterprises and corporate governance reforms to enhance their efficiency and effectiveness in service delivery and contribution to economic growth.

Source - newsday

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