President signs bill for creation of Special Economic Zones

Posted by Maveriq

President Robert Mugabe signed into law the Special Economic Zones Bill, after he had rejected it and referred it back to Parliament in September with some reservations.  However sfter amendments were made to the bill, it sailed through parliament and the president signed it.

Chief Secretary to the President and Cabinet Dr Misheck Sibanda said:

We have been working over the weekend with them. We went to Sunway City, the companies that are here have found their counterparts in Zimbabwe. So it will be a joint venture, win-win situation. It will not be a one-sided affair.

The bill is supposed to improve foreign direct investment.

You can download the act here:special-economic-zones-act-chapter-14-34

 

 

Image Credit: Team ZANU-PF Facebook Page

 

More: Herald



Leave a Reply

Your email address will not be published.