Photo credit: Loop PNG - Clarence Hoot
The Investment Promotion Authority will be reviewing its Strategic Plan 2021-2023 as the plan is halfway into its implementation timeframe.
Investment Promotion Authority managing director Clarence Hoot in IPA’s fifth edition of Opportunity newsletter, said IPA is reviewing the plan to assess how much of it has been accomplished and how they are progressing in achieving the goal set in the plan.
He said that they are also preparing to go on an outreach program to educate the public on the Reserved Activities list and other business-related legislations recently passed by Parliament.
“We will keep you posted on the schedule and the places we will be visiting to conduct the awareness outreach program.
“IPA will also be upgrading our Online Registry System to make it friendlier to our clientele.
Apart from this we are developing an investment opportunity profile (IOP) database in Partnership with the United Nations Industrial Development Organisation (UNIDO) to identify, package and promote investment ready projects in the country,” Mr Hoot said.
He said IPA is also updating their website and uploading fresh content to reflect the current economic situation in the country.
“It is apparent that IPA as an organisation is going through a transition period at the moment with efforts currently placed on institutional strengthening and capacity upgrading.
“We hope the incoming government will pass the Bill on the Investment Promotion Act amendments early so we can work on a full rebranding of the IPA with clearer guidelines on the functions and roles and responsibilities of IPA.”
