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POSA successor awaits Mnangagwa assent

by Staff reporter
11 Nov 2019 at 06:26hrs | Views
Two major Bills designed to fulfil the goals of the Second Republic now await Presidential assent — the Maintenance of Peace and Order Bill (MOPA) and the Companies and Other Entities Bill.

MOPA seeks to repeal the Public Order and Security Act (POSA) and provide mechanisms to regulate the conduct of demonstrations. It also opens up the maximum democratic space, with the only limits coming from the need to protect everyone's  rights.

The Companies and Other Entities Bill will make business much easier by modernising the 1951 legislation.

Parliament has sent the two Bills passed by both Houses, plus the Micro-finance Amendment Bill, to the President for his assent, before they become law.

To entrench democratic values and freedoms in line with Vision 2030 of achieving an upper middle income economy, President Mnangagwa's leadership has implemented a raft of reforms to transform the political and economic environment.

The Micro-finance Amendment Bill reduces the types of institutions that can do this business to credit-only micro financiers and deposit-taking micro financiers, omitting money-lenders.

The three Bills were passed in the last session of Parliament and are part of the reform process that Government has embarked on.

Source - the herald