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Zimbabwe poised for economic growth

16 Mar 2018 at 18:43hrs | Views
The Chairman of Zimbabwe Special Economic Zones Authority Dr Gideon Gono who is currently attending a Conference dubbed Zimbdaba in London United Kingdom has said Zimbabwe is ready to partner with investors who are willing to come and invest in the country to boost its economic sector.

Zimbabwe is a new entrant into Special Economic Zone market. The government of Zimbabwe has created instrument to spur economic growth and is ready to turn into a Switzerland,  Hong Kong, a Singapore through the avenues of Special Economic Zones.

Addressing a gathering at the Conference Dr Gideon Gono said Zimbabwe's dream is anchored on the vision espoused by President Emmerson Mnangagwa's government.

Dr Gono said Zimbabwe is an elephant on the ground and those who want to do business with Zimbabwe must ride on its back.

As Special Economic Zones Authorities in Zimbabwe charged with creating economic freedom and excellence in Zimbabwe, Dr Gono said he was seeking the investor's individual and collective input into the formulation of these fiscal and non fiscal incentives ,  policies and procedures that will serve to attract them into special economic zones.

In his speech Dr Gono elaborated that they were on the verge of gazetting and legalizing those incentives, but with the conference in mind and that it was best to come over and seek guidance and direction into the incentive dialogue.

"While Zimbabwe will never aspire to be all things to all man or better still and more appropiate, all things to all investors, we have however realized the competitive nature of the investment climate out there",  he said. He told the gathering that they want to have their final draft gazetted mid-  to end of April 2018 and then implement it without delay.

Chairman Dr Gideon Gono called for the invitation of different family of investors new and old to choose Zimbabwe as their investment destination between now and the next 1000 days to 31 December 2020. These shall enjoy what he called the Pioneer Investor Status commensurate with first mover benefits necessary to create the investor momentum that Zimbabwe wish to see in a new Zimbabwe that is open for business.

This one is open for investors from all corners of the globe north, south, east and West. He appealed to more  International brands to come and invest in Zimbabwe as most of them for example Marriott, Hilton were not happy with the Zimbabwe investment laws.   

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Source - Leonard Koni
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