The Zimbabwean government has taken aim to lure South African investors by relaxing the investment climate through putting a raft of measures that will see the licensing to set up a manufacturing plant taking as little as three days.
South Africa is Zimbabwe’s biggest trading partner and the Harare administration is seeking to tap in on the business relationship between the two friendly countries by opening opportunities for firms in Africa’s biggest economy to set up plants in the country.
Addressing delegates during an investment conference between the two countries in Bulawayo, Permanent Secretary for Macro-Economic Planning and Investment Promotion, Dr Desire Sibanda says the government is considering trimming the bottlenecks of setting up businesses in the country.
“We want to create a hustle free investment environment in the country. We want to assure you that we will continue to import from South Africa, but we are saying we giving you a platform to come and invest in the country. We have reformed the one stop shop investment centre through the Zimbabwe Investment Authority which will see you getting operator’s license within three days of applying,” he said.
South African Embassy political counselor, Mr Linda Maso says his country enjoys doing business with Zimbabwe and urged his countrymen to invest in Zimbabwe.
“We are committed to partnering Zimbabwe as it takes this development trajectory. I am excited to say the country has taken strides to ease the way of doing business and as such there is no better time for South African companies to take opportunities that are arising in Zimbabwe,” says Mr Maso.
The Zimbabwean government has taken deliberate efforts to ease the way of doing business as it seeks to make the country the first destination for investment globally with the aim of making the country’s economic growth reach an annual target of three percent.