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Thu11152018

Last updateWed, 14 Nov 2018 8pm

Business News

The Board of Investment plans to set up a system for online approval of investment proposals.

The Board of Investment is planning to set up a system for online approvals of investment proposals. The Board is in the process of setting up an effective virtual one-stop shop for investment approvals. The Board will be receiving World Bank support for this endeavour. When the system is set up, an investor will be able to submit one application which goes through 24 line agencies which will process it and approve it, unless it needs other approvals like environmental impact assessments. The BOI will sign agreements with all the 24 agencies that will need to be involved. The new system is expected to come online during the first half of 2018.

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