The objects of this Bill are to—
(a) foster economic growth and development by promoting
trade, business development and investment in the
Republic through an efficient, effective and coordinated
private sector led economic development strategy;
(b) promote economic diversification through the growth of
exports;
(c) promote, facilitate, protect and monitor domestic and
foreign direct investment;
(d) promote investment through joint ventures and
partnerships between local and foreign investors;
(e) facilitate the development of industrial infrastructure and
commercial services;
(f) promote research on matters related to industrial
development;
(g) facilitate the protection of infant industries; and
provide for matters connected with, and incidental to,
the foregoing.