Government to Begin Rolling Out Legal Reforms to Cut Business Costs

The Government will next week start formalising a raft of new measures designed to ease the cost of doing business in Zimbabwe, with several Statutory Instruments (SIs) set to be gazetted across key ministries.

According to Treasury, the legal process will be implemented in phases to ensure a smooth transition as ministries adjust their fees and procedures in line with the broader national reforms.

Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, confirmed the development following the conclusion of pre budget consultations held in Bulawayo this week.

“From next week, you will begin to see ministries publishing new regulations and fees through Statutory Instruments, in line with the policy measures I recently announced,” said Professor Ncube. “Some of these provisions will also be incorporated into the upcoming Finance Act. The implementation will be gradual, but we are committed to making it work across all major sectors.”

He said the next phase of the reforms will focus on the energy sector, following progress already made in agriculture, retail, transport, and tourism.

Treasury insists the measures are backed by sound fiscal and monetary policies that have strengthened the local currency and improved the business climate.

“We believe our economic fundamentals are strong. The economy is projected to expand by 6.6 percent this year and by 5 percent next year, placing Zimbabwe among the fastest growing economies in the region,” Professor Ncube added. “These results reflect our commitment to fiscal discipline, monetary stability, and sustainable development.”

The Government expects the upcoming legal instruments to create a more predictable regulatory environment, attract investment, and support ongoing efforts to build a competitive, growth driven economy.