Govt to address bottlenecks in doing business, says VP

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THE government has started addressing numerous bottlenecks which were impeding the setting up of new businesses in Zimbabwe, vice president Emmerson Mnangagwa has said.
Speaking at a ground-breaking ceremony to make the commencement of the construction phase of a shopping Mall in Cowdry Park in Bulawayo on Sunday, Mnangagwa said ‘Ease of Doing Business Reforms’ are now at an advanced stage.
“I want to reiterate that Zimbabwe is ready for business and is now on an upward trajectory,” said the vice president.
“As government, we are at advanced stages of instituting ‘Ease of doing Business Reforms” through the Deeds Registries Amendment Bill, 2016 and the “Judicial Laws Amendment (Ease of Settling Commercial and other Disputes) Bill, among other pieces of legislation.
“Enactment of the Bills into law will witness a positive change in the commercial landscape of Zimbabwe.”
Mnangagwa also revealed that the government has declared Harare, Bulawayo and Victoria Falls special economic zones.
“Bulawayo will specialize in industrial growth, Sunway in Harare will specialize in ICTs while Victoria Falls will specialize in financial services but I think, of the three, industrial growth is the backdrop of the economy so the people of Bulawayo should be happy.
“Some of the opportunities for Bulawayo include products from processors, leather products, clothing and indigenous foods, among others.”
Meanwhile, the shopping mall project is being bankrolled by Bulawayo business tycoon, Raj Modi, to the tune of about US$10 million.
The project includes an up-market shopping complex with a department store, specialty shops, an entertainment area together with ancillary services such as banks and a medical centre among, other utilities.Advertisement