By Tendai Matunhu & Christopher Makaza

Zimbabwe is among the Top-20 improvers in Doing Business 2020 with countries like China, India, Djibouti, Kenya, Kuwait, Qatar among others, for making business start ups easier,  faster approval of construction permits, implementation of internal tracking system and also for obtaining post-commencement finance and improving access to credit.

The World Bank has issued in its’ ‘Doing Business’ the list of countries and stating the areas in which Zimbabwe is improving following its economic reforms.

“Zimbabwe made regulatory improvements in five areas measured by Doing Business. Zimbabwe made starting a business easier by improving online name search and reducing the Harare Municipality business licensing fee. More frequent sessions by the municipal building commission in Harare led to faster approval of construction permits.

“Likewise, the deeds registry implemented an internal tracking system allowing applicants to track their applications throughout the property transfer process. Finally, Zimbabwe introduced a new reorganization procedure, allowing creditors to vote on the reorganization plan, granting debtors the possibility of obtaining post-commencement finance and improving access to credit by giving secured creditors absolute priority during insolvency proceedings,” it read.

The Doing Business project provides objective measures of business regulations for local firms in 190 economies and selected cities at the subnational level.