Back to Index
investment law takes effect
January 01, 2007
Investment Authority Act is now in operation after President
Mugabe fixed January 1, 2007 as the date on which the law comes
This was contained
in a notice published in last Friday's Extraordinary Government
Investment Authority Act provides for the establishment of a one-stop
investment shop responsible for implementing promotion of decentralisation
of investment activities and supervising the implementation of approved
projects among other issues.
The Act also
provides for an 11-member board appointed by the Minister of Industry
and International Trade in consultation with the President.
committee would also be set up with responsibility for making recommendations
to the board for approval or rejection of application for investment
Under the Act,
the board would be required to submit reports to the minister on
its operations and other issues as the minister may require.
would be mandated with publishing guidelines for investment, which
shall mention general incentives that may be applicable to licensed
investors, whether foreign or local.
Please credit www.kubatana.net if you make use of material from this website.
This work is licensed under a Creative Commons License unless stated otherwise.