The Zimbabwean government will soon approve a Special Economic Zone (SEZ) framework which it believes will facilitate local and international trade as well as attract further foreign investment by providing an improved regulatory framework.
“Over the past seven months we have received close to 50 international delegations coming to scout for investment opportunities, particularly in the extractive industries,” Dr Desire Sibanda, head of Zimbabwe’s finance and economic department, was cited by the state-owned The Herald newspaper as saying.
Sibanda said Zimbabwe’s investment climate was improving with the country receiving US$545 million in investments last year – a 36% increase over the 2013 figure of US$172 million.
Zim establishes SEZs to attract foreign investment
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