Zim Targets Processing Investment Approvals In Hours

Finance and Economic Development Minister Mthuli Ncube has said the establishment of the Zimbabwe Investment and Development Agency (ZIDA) will enable the country to process foreign direct investment (FDI) approvals within a day.

Updating the nation on progress made in respect of measures being implemented to enhance the country’s economic performance, Ncube said ZIDA should be operational in the next few months.Said Ncube:

We are accelerating and deepening the ease and cost of doing business reforms to improve competitiveness. This includes the establishment of a one-stop shop investment centre, and legislation to establish a specific and dedicated institution – the Zimbabwe Investment and Development Agency (ZIDA) — is now before Parliament. ZIDA is set to be fully operational in the coming months, and will enable the processing of investment approvals within a day, significantly improving the investment climate.

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