New Zimbabwe.com

Government to grant Mutare Special Economic Zone status

By Business Reporter


MUTARE: The government will soon grant Mutare in the eastern Manicaland province Special Economic Zone (SEZ) status.

Addressing a rally at Sakubva stadium in the eastern border city recently, Mnangagwa said Mutare will fall under SEZs for the purposes of exportation of goods to Beira in Mozambique.

Manicaland province is rich in natural resources such as gold, diamonds, timber and good climate for horticulture production.

“In our economic plans, Manicaland will be granted a status of Special Economic Zone for the purpose of exportation of our commodities from this area to port of Beira,” he said.

He said SEZ status will give the province employment opportunities, technology and skills importation from outside the country.

“We have seen it fit to grant you that status as it will create employment opportunities and skills and technology importation for the region,” said Mnangagwa.

The special economic zones were promulgated into law in October 2016, largely to help attract foreign direct investment (FDI), generate employment and create employment.

According to economists, SEZs are more successful in national economies with adequate infrastructure, in particular, transport and energy infrastructure.

The SEZ are also being created to restore the economy’s capacity to produce goods and services competitively.