New Zimbabwe.com

Govt keen improve business environment

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THE government has set up two advisory committees to improve operating conditions for industry as well as advance economic performance, a cabinet minister has revealed.
Industry and Commerce Minister Mike Bimha said the committees were for Ease of Doing Business and Imports.
Officially opening the Confederation of Zimbabwe Industry annual congress in Mutare last week, Bimha said the private sector was the worst affected by the unstable economy and should come up with recommendations on how the business environment can be improved.
“Government has set up two advisory committees one on Ease of Doing Business and the other on imports … We expect input from these committees to be implemented immediately to revive industries,” said Bimha.
“To take our industry to the next level, government is calling upon the private sector to be proactive, innovative and dynamic in responding to challenges in the operating environment in order to remain viable and continue to contribute to the fiscus.”
Zimbabwe’s global rankings on the ease of doing business report dropped this year to 170 out of 185 countries, a report released by the World Bank says.
In an economic report titled Doing Business 2013, Zimbabwe has the worst ranking compared to other countries in the region such as South Africa, Swaziland and Botswana which were ranked 39, 41 and 132 respectively.
The rankings are based on requirements for starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting investors, taxation, trading across borders, enforcing contracts and resolving insolvency.
According to the report, starting a business in Zimbabwe requires nine procedures, takes 90 days, costs 107,0% of income per capita.Advertisement