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Kiyapili Sibanda, Business Reporter
INVESTMENT application processes will soon be done electronically as Government finalises setting up of an interactive website to enhance ease of setting up business.
The Ministry of Macro-Economic Planning and Investment Promotion is spearheading the process through the Zimbabwe Investment Authority (ZIA).
Speaking to journalists in Bulawayo during an investor training and induction workshop, the principal director in the Macro-Economic Planning Ministry, Retired Brigadier General Thando Madzvamuse, said the process of setting up the website for investors had started.
“We are saying we need to move from the old way of doing business. For example, someone has got to travel all the way from the United States or Russia to come and fill a piece of paper to apply for an investment.
“There is a need for an interactive website whereby from the comfort of your office or home you are able to make that application and interact with authorities, ask questions and get responses,” said Rtd Brig Gen Madzvamuse.
He said online application would cut unnecessary costs associated with travelling expenses.
Rtd Brig Gen Madzvamuse said the ministry was working with a local company to set up the website.
He also said they want ZIA to be One Stop Investment Centre before the end of the year.
“Together with the ZIA board, we are seized with various activities related to reforming the operations of ZIA to make it a world-class One Stop Investment Centre. The major aim here is to reduce dramatically the number of days it takes for businesses to get established and operate. Best practices from countries such as Mauritius shows that a company can be incorporated within 24 hours,” he said. — @Kiyaz_Cool.
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