Zimbabwe’s government is seeking to enhance competitiveness within its business operating environment, with the aim of attracting greater domestic and foreign projects.
As part of the National Development Strategy One, Zimbabwe is concentrating on a private sector-led economy based on competitiveness within different sectors.
According to research undertaken by the National Competitiveness Commission (NCC), confidence needs to be restored within productive sectors in order to improve Zimbabwe’s competitiveness rankings in Africa.
“It is an issue that is of greater concern to us. Remember for the past five years we have not been doing well, to such an extent that it is within such context that measures to address competitiveness become of greater importance to the nation, in line with policies being put in place by the second republic to restore confidence,” stated Colator Maoko, Chief Economist at the National Competitive Commission.
With consultations already underway, the focus of the National Competitiveness Commission is to gain as much input as possible towards the restoration of Zimbabwe’s competitiveness against other countries.
“Zimbabwe needs practical policies that can unlock value in the economy, to sustain the economy, and we need such consultations so that by the end of the day we can adjust to the demands of the global economy and face the reality that is in terms of what we need to do, identify key areas and find possible solutions,” said Brighton Shayanewako, National Competitive Commission Director.
According to the National Development Strategy One, competitiveness is considered crucial in regaining industrial confidence, attracting new projects, enabling growth in exports and generating employment and overall economic growth.
RBZ urges govt incentives on diaspora investments
Zimbabwe’s central bank, the Reserve Bank of Zimbabwe (RBZ), called on the government on Monday to provide fiscal and non-fiscal incentives to diaspora investments due to their massive contribution to total foreign currency inflows in the country.
posted on 05.12.2023
RBZ urges govt incentives on diaspora investments
Zimbabwe’s central bank, the Reserve Bank of Zimbabwe (RBZ), called on the government on Monday to provide fiscal and non-fiscal incentives to diaspora investments due to their massive contribution to total foreign currency inflows in the country.
posted on 05.12.2023
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