The Office of The President and Cabinet has announced that the government shall be showcasing progress made so far on the reform agenda at this year’s ZITF edition.
The initiative is purported to inform concerned stakeholders including potential local and foreign investors of efforts underway to create a conducive environment for business.
Part of an OPC statement read:
The reforms cover 10 main areas of business regulation that constitute and affect a business in its life cycle. These include starting a business, dealing with construction permits, getting electricity, registering property, getting credit (accessing finance), protecting minority investors; paying taxes, trading across borders, enforcing contracts and resolving insolvency.
The statement further indicated that the exhibition shall present major transformations with regards the business environment since 2015. It read further:
This has resulted in the establishment of Small Claims Courts in the 10 provinces to deal with civil disputes and Commercial Courts at magistrate level, whose mandate is to expeditiously deal with commercial disputes, … ensuring increased access to justice by our business sector.
The other area being highlighted at the OPC stand is the policy framework, with a view to communicating to the public how they can participate in policy formulation, and implementation as a way of ensuring that policies are inclusive.
In an endeavor to achieve a moddle class income by 2030, the government through the OPC is spearheading State Owned Enterprises’ corporate governance reforms to enhance their performance.