Issues the Special Economic Zones Regulations 2023
14 Nov 2023
On 14 November 2023, Zimbabwe promulgated Regulations for Special Economic Zones, S.I. 226 of 2023. The Regulations provide a clear framework for the designation of SEZs and for the issuance of SEZ permits and licenses. Applications for designation of land as Special Economic Zones are now in terms of the Regulations and the applicant must prove ownership of land by way of land title or a lease of not less than twenty-five (25) years. The Regulations further provide for the Developer, Operator, and Investor of any Special Economic Zone. A developer is responsible for developing the SEZ, by setting up the basic infrastructure and the operator manages the SEZ once it's fully functional. Following the promulgation of the Regulations, the Zimbabwe Investment & Development Agency approved three applications for Special Economic Zone (SEZ) designation. The approved SEZs are as follows:
i. Green Fuels Special Economic Zone in Chisumbanje for Ethanol Production
ii. Power and Metallurgical Processing Zone in Beitbridge; and
iii. The Goromonzi Agro Industrial Park at Mgargwi Farm, in Goromonzi.
The Regulations repealed the Special Economic Zones (General) Regulations, Statutory Instrument 154 of 2018.
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Type:
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Entry and establishment (Approval and admission)
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Promotion and facilitation (Investment facilitation , Special economic zones)
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Industry:
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