Economic analysts praised government reforms aimed at reducing business costs to support Zimbabwe's transition to the National Development Strategy 2. The government is reviewing regulatory conditions to ease burdens on businesses, reduce bureaucratic obstacles, and lower compliance costs across 12 key sectors. NDS2 serves as the final phase of the country's development agenda toward Vision 2030.
Professor Ashok Chakravarti, a government advisor and Reserve Bank of Zimbabwe Monetary Policy Committee member, said the review committee has completed assessments for the livestock and tourism sectors. The Cabinet approved both reviews, and they await presidential assent. The transport sector review also received Cabinet approval, with retail and manufacturing sectors scheduled next.
National University of Science and Technology executive dean Peter Nkala said the reforms will benefit small to medium enterprises, smallholder farmers, and ordinary citizens through simplified processes and reduced fees. Ernest Mujongondi from the Office of the President and Cabinet said NDS2 proposes reviewing the regulatory institutional framework to determine optimal regulator numbers.
Professor Ashok Chakravarti, a government advisor and Reserve Bank of Zimbabwe Monetary Policy Committee member, said the review committee has completed assessments for the livestock and tourism sectors. The Cabinet approved both reviews, and they await presidential assent. The transport sector review also received Cabinet approval, with retail and manufacturing sectors scheduled next.
National University of Science and Technology executive dean Peter Nkala said the reforms will benefit small to medium enterprises, smallholder farmers, and ordinary citizens through simplified processes and reduced fees. Ernest Mujongondi from the Office of the President and Cabinet said NDS2 proposes reviewing the regulatory institutional framework to determine optimal regulator numbers.
