LATEST: Chinamasa challenges SEZ Board

Minister Chinamasa

Minister Chinamasa

Farirai Machivenyika Senior Reporter
Finance and Economic Development Minister Patrick Chinamasa has challenged the recently appointed Special Economic Zones Authority board to spearhead an export-led growth of the economy and enhance the country’s capacity to earn foreign currency.

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Minister Chinamasa said this when he met members of the SEZ Authority board led by former Reserve Bank Governor Dr Gideon Gono today.

“Companies that locate into SEZ areas should give greater concentration to producing to supply the export market. The board should therefore spearhead and drive an export led growth in the economy. If we have more exports it will mean more foreign currency,” Minister Chinamasa said.

He said the SEZ should offer platforms for transfer of technology and managerial skills and an increase in foreign direct investment.

Details to follow….

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  • shumbasamaita

    All facets of the economy should function properly with value chain systems resuscitated to ensure there smooth & health inter-dependence of production at different levels of the economy. There is nowhere SEZ can revive the economy when other parts of the same economy continue to decay. Remember this concept of export processing zones flopped under Walter Chidhakwa some years back when the economy was relatively stable,how of now when corruption, policy inconsistency & other ills is the order of the day. I also sense a lot fear in these government ministers when Gono is now in the structures of government, because this guy has no respect for lazy people like the majority we have. They want to be nice to him in case he is romped into power structures especially now that he has come back into the public sphere.Despite his other shortcomings, Gono can be a better public officer than the majority of ministers. Even the appointing authority knows this, I hope its a question of time that he is put to real use.

  • haiwawo

    When you resuscitate a failure to lead in reviving the fortunes of a country, you know you are engaging in planned failure. Twin that with the fact that this government has no respect for the rights of investors as they proved by appropriating going concerns during the Export Processing Zone era. It makes for a poisoned concoction to would-be investors.

    Isu tinondoti toona yovira shambakodzi yedemhe. Bikai tione zvikaibva.