Investment, not red tape: Zimbabwe targets business reform

Business Reporter

Government will roll out a series of reforms in 2026 to improve the business environment and attract investment, according to the 2026 Budget Strategy Paper signed off by Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube.

The policy is designed to reduce the costs of doing business and the “compliancy costs associated with the various business regulations.

According to the strategy paper, the reforms will require all Ministries, Departments, and Agencies (MDAs) to conduct value chain analyses for their respective sectors.

This is intended to “reduce regulatory requirements such as permits, charges and licences imposed on the business sector.”

To improve efficiency for investors, the One Stop Investment Service Centre at the Zimbabwe Investment and Development Agency (ZIDA) will be enhanced through the “automation of registration systems for licencing of investments.”

Furthermore, a national Investment Climate Dashboard is planned for launch in 2026. This digital tool will “facilitate monitoring the implementation of investment climate reforms and capture investor feedback in real time,” with the aim of enhancing transparency and accountability.

The Government has also outlined a strategy to improve investment coordination at both the national and provincial levels.

All MDAs are expected to establish investment committees, which will be co-chaired by the Treasury, to develop investment plans.

To tap into the country’s potential for resource-based investments, the policy directs MDAs to “prioritise investment planning aimed at developing a pipeline of investment opportunities.”

This includes budgeting for project development up to the pre-feasibility stage. Once this is done, the projects will be eligible to “access funding for detailed feasibility study from the Project Preparation and Development Fund (PPDF).”

Related Posts

Man denies US$5 400 chicken, sugar permits fraud

Prosper Dembedza Herald Correspondent The trial of Harare man Tichaona Mavhangira, who allegedly defrauded Leanest Properties director Mr Martin Mugarisi of US$5 400 in a botched chicken and sugar permits…

Norton residents outline priorities at 2027 pre-budget meeting

  Diana Nherera Norton Town Council today held its 2027 pre-budget consultative meeting with residents’ associations and property developers, with residents highlighting roads, sewer reticulation, water and social amenities as…

Leave a Reply

Your email address will not be published. Required fields are marked *