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.

Also Watch the videos below:

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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  • Chief Economic Adviser

    We expect the SEZ authority to have directors executives who will perform executive duties with the SEZ non executive directors giving oversight . From the video, the Board chair gives the impression that the Board will perform executive functions. The frequency of board sittings as he stated would appear the board is not receiving reports from its managers but its a full time board . The sitting allowances, S&T expenses, etc will shoot up. The board should not perform functions of executive directors, with weekly meetings.

  • Murambatsvina

    Just what we need, another useless board to earn obscene salaries and allowances.