Deputy Minister of Finance and Economic Development Terrence Mukupe has revealed that the government will soon replace the Companies Act with the Companies and Other Entities Bill. Mukupe said that the move will make it easier for investors to establish their businesses in the country.
Speaking at a discussion on Opening Up Zimbabwe to Corruption Free and Transparent Business, Mukupe said,
The proposed Act will accord the Registrar of Companies the same investigative powers as commissioners under the Commissioners of Inquiry Act into the operations of companies and private business corporations as well as recommend prosecution for criminal offences or civil proceedings by any aggrieved parties to recover any damages incurred from the infringement.
More: New Zimbabwe