Ladies and Gentlemen,
- We are here to share with you our own experience in regards with SEZs and also to update the members of the media on the progress made so far by ZIMSEZA.
- SEZs in Zimbabwe are governed by an Act of Parliament. The Act may be cited as the Special Economic Zone Act (Chapter 14:34). The Act establishes an Authority, known as the Zimbabwe Special Economic Zone Authority (ZIMSEZA), which is a body or a corporate capable of suing and be sued in its corporate name.
- Invited guests, our President said that Zimbabwe is now, “Open for Business”, sure as well as us ZIMZESA, is ‘Open for Business’
- Let me first of all acknowledge the work and effort being done by our media houses in 3 strategically positioning Zimbabwe as an investment worthy destination.
- I will also like to acknowledge the work done bythe Board and the Secretariat to date. I will come to this point later.
- To our parent Ministry of Industry, Commerce and Enterprise development for their untiring effort in creating the enabling environment.
- In terms of preparedness ZIMSEZA is well geared for designating and issuance of licences. My Chairman has already eluded that ZIMSEZA is a listening entity and we are here to network and exchange views with all media houses.
- Ladies and Gentlemen, ZIMSEZA is a Regulatory Authority with the following functions:
- To administer, control, and regulate all special economic zones.
- To approve and regulate activities which may be carried on in a special economic zone;
- To grant investment licenses and permits to developers/operators/users of special economic zones.
- Ladies and Gentlemen, worldwide SEZs are viewed as a panacea for economic growth however, some countries face challenges to achieve meaningful economic growthbecause of various reasons.
- In Africa SEZs started in early 1990s. There are 114 zones in Sub Saharan Africa; Nigeria, Kenya, Ghana, South Africa, Rwanda, Ethiopia and Zimbabwe is a new entrant in SEZs. These countries have different models of SEZs but with the same fundamental goals and objectives to achieve industrial development, attracting FDI, mobilizing DI, generating exports, employment creation, import substitution and socio-economic development.
Summary of Key Deliverables since 1 May 2018 to date
- SPECIAL ECONOMIC ZONES REGULATIONS
- SPECIAL ECONMIC ZONES INCENTIVES
- SPECIAL ECONOMIC ZONES FEES STRUCTURE
- OPERATIONAL MANUAL
- SPECIAL ECONOMIC ZONE APPLICATIOFORM
- SEZ INVESTMENT LICENSES
- SEZ APPLICATIONS AND APPLICANTS DATABASE
- MONITORING AND EVALUATION (M&E)FRAMEWORK
- MARKETING STRATEGY
- COMMUNICATIONSTRATEGY (PR)
- HUMAN RESOURCEPOLICY
As a matter of policy, in considering for an investment license the Authority shall have regard to:
a) The extent to which the proposed investment will lead to the creation employment opportunities and the development of human resources , and
b) The degree of export orientation or import substitution of the project, and
c) The impact the proposed investment is likely to have on the environment and, where necessary, the measures proposed to deal to any adverse environment consequences, and
d) The extent to which the proposed investment will result in the transfer of technology and managerial and other skills, and
e) The extent to which the proposed investment will establish linkages within the domestic economy, and how to incorporate SMEs.
f) The extent of value addition and beneficiation of local raw material raw materials,
Role of Media
- Strategic Partners
- Open door policy
- To help build the image of ZIMSEZA
- To raise awareness on mantra “Zimbabwe is Open” for Business