Zim moves step closer to one-stop investment shop

ZIMBABWE is one step closer to achieving its one-stop-shop investment centre (OSIC) initiative after a Bill to expedite the process was gazetted.
This comes as the southern African country, which is desperate for investment, has received numerous complaints from potential investors exasperated with the tedious process of setting up business in Zimbabwe.
Parliamentary and constitutional watchdog Veritas said the Zimbabwe Investment Development Agency Bill ― meant to establish a single interface for investors into the country ― provides for the promotion, entry, protection and facilitation of investment.
The Bill also aims to repeal the Zimbabwe Investment Authority Act, the Special Economic Zones Act and the Joint Ventures Act and “to provide for matters incidental to or connected to the foregoing,” Veritas said in a recent note.