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Minister Mpofu

Business Reporter
Zimbabwe Investment Authority’s report on restructuring will be submitted to Cabinet next week as Government steps up efforts to transform the authority into a world class investment centre by year-end. Macro-Economic Planning and Investment Promotion Minister Obert Mpofu yesterday confirmed the development in a statement.

He said Government is expected to overhaul both the board and management structure of ZIA before year-end as more concerns were raised over lack of fully constituted and narrow skills within the previous board.

“As you would appreciate, investors and indeed President Mugabe are eager to have an operational One-Stop-Shop centre at the Zimbabwe Investment Authority.

“To that effect I will ensure the

constitution of a new board made up of multi skilled individuals.

“These individuals will help guide the operations of ZIA and the finalisation of the transformation of ZIA into a world class investment centre and

submission of the report to Cabinet will be in the next seven days,” said Minister Mpofu.

“I will also ensure operationalisation of the One-Stop-Shop as a truly One-Stop-Shop before the end of the year and

also ensure that all foreign investors use ZIA as their first port of call to among other things, ensure monitoring and evaluation of investment in the country.”

He said the restructuring of ZIA is expected to play a fundamental role in the implementation of the National Diaspora Policy.

Minister Mpofu said once the Diaspora Policy is in place, the country will be able to give incentives to the diaspora community, which will result in increased investment inflows.

Minister Mpofu added that at

the end, the diaspora policy and the rationalisation of ZIA and the One-Stop-Shop under ZIA’s management will allow investors to see Zimbabwe as their preferred destination of investment.