ZIA cuts days to get operating licences

The Zimbabwe Investment Authority has reduced the period taken before investors can be issued with operating licences, says Chairperson Marah Hativagone.

Tapiwa Mashakada
Tapiwa Mashakada

“We have reduced the number of working days from about 49 to five,” she said, adding that the development would help Zimbabwe compete favourably with other countries in attracting business.

Hativagone, who also chairs the Zimbabwe Tourism Authority board and is Chief Executive of Codchem Investments, said the move to cut the days would help bring in investment.

Zimbabwe is among the least attractive investment destinations, according to the annual Doing Business survey coordinated by the World Bank.The Minister of Investment Promotion and International Cooperation, Tapiwa Mashakada, said ZIA now operated a one-stop shop.

The long period taken by officials to be cleared to operate in Zimbabwe has been one of the factors forcing investors to shift their attention to other countries in the region. Mashakada said the government would adopt more measures to attract and retain investment.

Post published in: Business

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