president mugabe 14-12-10.jpgThe Head of State and Government and Commander-in-Chief of the Zimbabwe Defence Forces, President Robert Mugabe, has officially launched the One Stop Shop Investment Centre in Harare, in a move expected to increase the country’s investment inflow.

 

Speaking at the official launch in Harare, the President, who was accompanied by Deputy Prime Minister Thokozani Khupe, several government ministers and captains of industry, said Zimbabwe is emerging from a serious downturn caused by sanctions.

 

“The immediate removal of sanctions must therefore allow us to climb to where we belong, the top of the ladder as a centre most conducive for attracting local and foreign investors.”

 

“The one stop shop will not focus on direct foreign investment only, but will also promote domestic investment through facilitating partnerships and joint ventures between foreign and domestic investors or between domestic investors only,” said President Mugabe.

 

President Mugabe said despite the presence of the illegal sanctions, the One Stop Shop Investment Centre should market Zimbabwe to the international markets, adding that investment should no longer be subjected to red tape bureaucracy, moving from one office to another.

 

The President said it was taking 96 days to process a business application by a potential investor and this has been reduced to 5 days.

 

He said it is his hope that it will not exceed the stipulated 5 days.
 
Many countries have taken the one stop investment concept in the COMESA and SADC regions.