As part of the Government's broader efforts to simplifying
the process of doing business and creating a pro-business
environment in Zimbabwe, a new law called the Zimbabwe Investment
Development Agency Act [Chapter 14:37] (hereinafter referred to
as ZIDA Act) was enacted in February 2020 and has the sole
purpose of dealing with the law with regards to investment. It
deals in particular with the promotion, entry, facilitation and
protection of investment in Zimbabwe. The Act repeals the Acts of
Parliament that contained investment laws, these are the
Zimbabwe Investment Authority Act [Chapter 14:30],
the Joint Ventures Act [Chapter 22:22] and the
Special Economic Zones Act [Chapter 14:34].
Provisions of the repealed entities, which used to deal with
investors separately, will be incorporated under one roof in ZIDA,
and this will lessen the burden on investors and make it much
easier for them to register their businesses and start operations.
ZIDA is meant to facilitate
