Former Reserve Bank of Zimbabwe (RBZ) governor and chairperson of the Special Economic Zones (SEZ) Authority board, Gideon Gono has claimed that the authority is failing to function as it has only received 10 percent of its budget allocation. Gono who was appointed 8 months ago also said that he does not know which Minister to report to as it is no clear which ministry the SEZ falls under. He also said that a chief executive officer and a secretariat is yet to be appointed to run the administration.
The former governor stressed that members of the SEZ board are currently using their own resources in setting up the authority. He also said that some of the board members who include, Busisa Moyo and himself, are willing to forego their board fees as a service to the nation.
Gono also told the Parliamentary Portfolio Committee on Industry and Commerce that once operational the SEZ will generate US$10 billion in investments.
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Gideon Gono is the former Governor of the Reserve Bank of Zimbabwe (RBZ) a position he was in from 2003 to 2013. He is also former CEO of the CBZ Holdings, formerly known as the Commercial Bank of Zimbabwe, and Jewel Bank. Gono is known... Read More About Gideon Gono
The Reserve Bank of Zimbabwe (RBZ) is the central bank of Zimbabwe. Its offices are located at number 80 Samora Machel Avenue in Harare. The Reserve Bank of Zimbabwe operates under the Reserve Bank of Zimbabwe Act, Chapter 22: 15 of 1964. The Act provides... Read More About Reserve Bank of Zimbabwe
Special Economic Zones (SEZ)s are geographically designated areas of the country which are set aside for specifically targeted economic activities to promote national economic growth by using support measures to attract both foreign and domestic investments. Business activity in the designated areas is subject to... Read More About Special Economic Zones