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Economy

Expedite the implementation of Special Economic Zones (SEZ) for manufacturing firms.

Implemented

The Ministry of Industry and Commerce approved the applications of nine independent companies for Special Economic Zones (SEZ) status.

Herald

    

Sept. 10, 2018

Nine companies have been granted Special Economic Zone status in a development that will expedite the government’s drive to increase foreign direct investment (FDI) inflows. According to a Government Gazette published late 2018, the nine companies that applied and were approved to acquire status as Special Economic Zones (SEZ) include Surewin Pvt Ltd; Iron Steel Company of Zimbabwe; Afrochine Pvt Ltd, Southpole Consulting Pvt Ltd; Lentsloane Pvt Ltd; Tradekings Zimbabwe Pvt Ltd; Ecosoft Pvt Ltd; Nkonyeni Agriculture Pvt Ltd and Bernard Development Corporation Pvt Ltd. This follows the gazetting of Statutory Instrument (SI) 154 of 2018 which was gazetted on August 17, 2018 that effectively brought SEZs into operation. SI-154 stipulated the fees for every application for a developer, operator or investment, permit or licence.

Previous Updates

Cabinet approved various SEZ projects worth $5.3 billion.

herald.co.zw

    

Nov. 14, 2018

Cabinet approved the implementation of 11 investment projects worth $5,3 billion. Briefing the media after a Cabinet meeting, Minister Mutsvangwa said work on the projects — which cut across various economic sectors — should begin immediately.