Special Economic Zones and their benefits to the Zimbabwe industry
By Tanatsiwa Dambuza Special Economic Zones are geographical regions with economic laws that are more free-market-oriented than a country's typical national law. Special Economic Zones (SEZ) are still in their nascent embryotic stage yet progressively developing in Zimbabwe. The Special Economic Zones Act [Chapters 14-34], which came into force in November 2016 and was repealed by the ZIDA ACT, provided for the establishment of the Zimbabwe Special Economic Zones Authority, which according to section 20, has the power or authority to declare any area or premises to be a special economic zone and to amend, add to or abolish any special economic. The core functions of the Authority included administering and controlling SEZs, granting investment licences, and monitoring activities of approved investments. Zimbabwe's main objective under Zimbabwe Open for Business Mantra is to attract foreign direct investment (FDI), boost exports, link to global value ...