ZIMBABWEAN authorities are leaning on Rwanda to provide helpful tips on how they could ease the country\u2019s stiff investment policies blamed for planting roadblocks in the way of prospective foreign investors.<\/p>\n
It takes an investor a maximum of six hours to register a business in Rwanda, a different scenario from Zimbabwean processes which are clogged with frustrating red-tape.<\/p>\n
Foreign Affairs deputy minister David Musabayana said Wednesday Zimbabwe and Rwanda were on their path to working together in strengthening ties within the framework of the Joint Permanent Commission of Co-operation (JPCC).<\/p>\n
\u201cOn the ease of doing business and other economic reform policies, Zimbabwe has been drawing important lessons from Rwanda,\u201d Musabayana told journalists in Harare.<\/p>\n
He added, \u201cRwanda has liberal economic and investment policies and laws that have promoted the ease of doing business.<\/p>\n
\u201cZimbabwe commends Rwanda for its second rank on the ease of doing business in Africa and 29th globally. Rwanda is recognised as the leading reformer of all time from being ranked 150 out of 190 in 2008 to 29 out of 190 countries.<\/p>\n
\u201cThe Rwanda Development Board\u2019s One Stop Shop for investment has been credited for attracting Foreign Direct Investment.<\/p>\n
\u201cThere is room to share best practices between the two countries as the Government of Zimbabwe seeks to operationalise the Zimbabwe Investment and Development Agency.\u201d<\/p>\n
He went on to say it was disheartening to note that trade between Zimbabwe and Rwanda remained negligible peaking at a mere US$156,000 in 2018 from an equally negligible US$6,000 in 2011.<\/p>\n
\u201cZimbabwe exports to Rwanda increased from US$6,000 in 2011 to just US$90,000 in 2014 before tumbling to US$4,000 in 2018,\u201d he said.<\/p>\n
\u201cDuring the same period, Zimbabwe\u2019s imports from Rwanda increased from a paltry US$1,000 in 2013 to US$18,000 in 2015 and to US$152,000 in 2018.<\/p>\n
\u201cThe meagre trade values show that there is need to do a lot of work to promote trade between Zimbabwe and Rwanda.\u201d<\/p>\n
Immense opportunities to enhance bilateral trade are available, Musabayana said, in light of that both countries are members of the COMESA Free Trade Area and the African Continental Free Trade Area that is coming into effect in July 2020.<\/p>\n
\u201cFor instance, the two countries can co-operate in Higher and Tertiary Education, Science, Innovation and Technology Development,\u201d he said.<\/p>\n
\u201cZimbabwe skilled teachers could be deployed to work in Rwanda under some framework of cooperation that can be mutually agreed to.<\/p>\n
\u201cCooperation in the area of tertiary education could also involve the enrolment of students from Rwanda at institutions of higher learning in Zimbabwe where the English Language is the medium of instruction.\u201d<\/p>\n
In 2018, the chief executive of the Rwanda Development Board, Clare Akamanzi was in Harare to share Rwanda\u2019s experience at the request of President Emmerson Mnangagwa.<\/p>\n
Akamanzi addressed Cabinet members, the private sector and civil servants on how Rwanda managed to attract huge foreign direct investment within a short space of time.<\/p>\n","protected":false},"excerpt":{"rendered":"
ZIMBABWEAN authorities are leaning on Rwanda to provide helpful tips on how they could ease the country\u2019s stiff investment policies blamed for planting roadblocks in the way of prospective foreign investors. It takes an investor a maximum of six hours to register a business in Rwanda, a different scenario from Zimbabwean processes which are clogged […]<\/p>\n","protected":false},"author":84,"featured_media":18476,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,12],"tags":[1273,1274],"class_list":{"0":"post-18475","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-policy","9":"tag-jpcc","10":"tag-musabayana"},"yoast_head":"\n