Zimbabwe Named Among 20 Reformers In Doing Business

Zimbabwe has been named among the top 20 reformers in doing business this year by the World Bank.

Zimbabwe was named among countries such as Uzbekistan, China, Tajikistan and Pakistan. Part of the report reads as follows:

Zimbabwe made regulatory improvements in five areas measured by Doing Business. Zimbabwe made starting a business easier by improving online name search and reducing the Harare Municipality business licensing fee.

More frequent sessions by the municipal building commission in Harare led to faster approval of construction permits.

Likewise, the deeds registry implemented an internal tracking system allowing applicants to track their applications throughout the property transfer process.

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Finally, Zimbabwe introducing a new reorganization procedure, allowing creditors to vote on the reorganization plan, granting debtors the possibility of obtaining post-commencement finance and improving access to credit by giving secured creditors absolute priority during insolvency proceedings.

More: Doing Business