Online Reporter
Peter Matika, [email protected]
THE Bulawayo business community has expressed concern over restrictive conditions that are stifling investment, development and operational activities in the province.
Speaking during a meeting on Wednesday, stakeholders called for urgent Government intervention to address outdated by-laws still enforced by the Bulawayo City Council, which they say hinder innovation, entrepreneurship and economic growth.
Business owners cited bureaucratic hurdles, high taxes, limited access to financing and inconsistent regulations as key obstacles.
“We urge authorities to work closely with us to streamline processes, reduce red tape and offer more support to businesses seeking to invest and grow in Bulawayo. By fostering a more business-friendly environment, we can unlock the full potential of the local economy and create opportunities for sustainable development,” said Mr Foster Dube of EconoGas.
Bulawayo, Zimbabwe’s second-largest city, has historically been an industrial and commercial hub. However, decades of economic decline, coupled with outdated colonial-era regulations, have slowed investment and job creation.
Stakeholders also criticised the reliance on colonial-era regulations, arguing that these outdated rules prevent the province from keeping pace with national development goals under Vision 2030.
“Local tenders must be awarded to local companies for business to thrive. We cannot have companies from other provinces benefitting from opportunities meant for local businesses,” said Mr Regis Sibanda, managing director of Fire Prevention Zimbabwe.
The concerns were echoed by Minister of State for Bulawayo for Provincial Affairs and Devolution Judith Ncube, who emphasised the need for a united front to push for reform.
“Entrepreneurs, investors, and industry professionals must unite in their plea for a more supportive regulatory framework that aligns with modern business practices and fosters growth,” she said.
Minister Ncube noted that stringent by-laws frustrate investors and entrepreneurs alike and pledged to engage President Mnangagwa over the issue.
“The President’s message is clear.
Zimbabwe is open for business, yet in Bulawayo, restrictive laws continue to hamper growth. I will engage the President on this matter. I recently travelled to Harare and witnessed a great change in business operations and they are thriving while we are stuck,” she said.
Minister Ncube said by engaging in constructive dialogue and advocating for progressive policy reforms, stakeholders can create a more vibrant and inclusive business environment that benefits all residents of Bulawayo.
She added that reforming the operating environment will enhance the competitiveness of local enterprises, stimulate job creation, and encourage investment in the province.
“We need to invest in our own home, Bulawayo.
Many are leaving the country to invest elsewhere due to these constraints, and that cannot continue,” said Minister Ncube.
