Masvingo residents who attended the Zimbabwe Investment Development Agency (ZIDA) Bill hearing have urged government to act decisively on corrupt elements who continue to frustrate potential investors seeking to set shop in Zimbabwe.
The residents alleged that investors are faced with price distortions, urging parliament to enact strict legislation on corruption issues. The residents said corruption is one of the major challenges that hinders investors from coming to Zimbabwe.
“Tinofara nemutemo uyu urikuuya nekuti mainvestors achasununguka kuzoinvester munyika yedu nekuti munenge mava nema conditions arifriendly ekuti vakwanise kuinvestor munyika medu (We are happy with this bill as investors will now be free to come and invest in a friendly environment),” said one of the residents.
Chairperson of the Parliamentary Portfolio Committee on Foreign Affairs, Industry and International Trade, Cde Kindness Paradza said the bill if enacted, is expected to open avenues for investment in the country.
Cde Paradza noted that residents who attended the hearing had an in-depth understanding of the bill.
“We had such hearings in most parts of the country and we gathered meaningful contributions from the people,” said cde Paradza.
The residents who attended the hearing concurred that the enactment of the Zimbabwe Investment Development Agency Bill will create favourable investment conditions which in turn will result in employment creation.
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