Government has formulated a National Investment Policy aimed at facilitating trade and investment, which has been the missing link in the country’s concerted efforts to attract and retain investment.

The essence of the new policy is to clearly spell out the investment climate, highlighting the strategic investment options and providing a detailed framework for coordination, facilitation, promotion, protection as well as retention of domestic and foreign investment.

President of the Zimbabwe National Chamber of Commerce (ZNCC), Mr Tamuka Macheka welcomed the investment policy, expressing hope that it will simplify investment procedures in the country.

 “The investment policy is a long overdue document, especially under the Zimbabwean perspective and as industry, we welcome this new piece of governing investment in the country,” said Mr Macheka.

Attracting foreign direct investment into the country will be central for the attainment of an upper middle-income economy by 2030.