Ministry of Commerce, Trade and Industry has signed the Memorandum of Understanding (MoU) on “Business Reforms” with the USAID Business Enabling Project aimed at promoting and facilitating a conducive business environment that fosters private sector growth.

Speaking during the signing ceremony held on Wednesday 30th October, 2024, Ministry of Commerce, Trade and Industry Permanent Secretary – Investment and Industrialization, Crusivia Hichikumba says the MoU is a testament to the shared commitment to creating an ecosystem where businesses can thrive, innovate, and contribute to the nation’s economic development.

Mr. Hichikumba says the Ministry is dedicated to driving economic progress through strategic collaborations and initiatives that support the private sector. He said his ministry further recognises that a robust and dynamic private sector is crucial for job creation, innovation, and sustainable economic growth.

“However, achieving this requires an enabling environment where businesses can operate efficiently, access essential resources, and navigate regulatory frameworks with ease,” he said.

“The USAID Business Enabling Project has been a steadfast partner in our journey towards achieving these goals. Through this MOU, we are establishing a framework for implementing programs that will address key challenges faced by our business community.”

“These programs will focus on streamlining regulatory processes as well as fostering innovation and entrepreneurship.” Mr. Hichikumba said. He said this collaboration is also a reflection of the commitment to aligning with international best practices and leveraging global expertise to address local challenges.

And Chief of Party at the USAID Business Enabling Project, Ms. Carianne De Boer said the collaboration formalized through the MoU is aimed at improving the commerce and trade facilitation framework, business environment, public -private sector dialogue and enhancing the regulatory frameworks in Agriculture, Fisheries and Livestock, Tourism, Trade and Energy sectors.