Andrew
Online Reporter
ZIMBABWE’S drive towards the establishment of a knowledge-based economy has received a major boost, as Cabinet has adopted the Principles of the Research Amendment Bill, which will see the amendment of the Research Act (Chapter 10:22).
The Research Act governs the operations of the Research Council of Zimbabwe.
Addressing Tuesday’s post-Cabinet briefing, Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa said the bill also seeks to align the Research Act to the Constitution, the Public Entities and Corporate Governance Act, as well the imperatives of modernising and industrialising the country.
“It further provides for the establishment of a Research Fund and strengthens the secretariat of the Research Council of Zimbabwe, to meet the demands of a knowledge-based economy.
“The Bill will require members of the Council to be subjected to performance contracts and evaluations and declaration of assets and conflicts of interest.”
The Research Fund is expected to support and promote the creation of new knowledge, research and innovation.
“To motivate private players, Treasury may be requested to consider incentives such as tax rebates for funds allocated for research purposes.
“The amendments will enhance and promote research in the country for innovation and industrialisation, which are the drivers for the realisation of Vision 2030 and beyond,” said Minister Mutsvangwa.
Online Reporter