Categories: Stories

Zimbabwe can easily turn into a $50 billion economy- MP

Zimbabwe can easily turn around from a $4.5 billion economy today into a $50 billion economy if it speedily implements the Special Economic Zones it has already identified, the Member of Parliament for Chegutu West Dextor Nduna says.

Speaking in response to Finance Minister Patrick Chinamasa’s 2016 budget review, Nduna said he fully supported the idea of investors being allowed 100 percent capital repatriation as well as their profits.

Zimbabwe has identified Sunway City in Ruwa,  Bulawayo and Victoria Falls as the Special Economic Zones to initially start with.

SEZ board chairman Gideon Gono says the zones will attract $10 billion in investments in the next two years.

Nduna said:“As long as we do not carry out business in these geographical locations, we cannot emancipate and revitalize our economy. 

“It is my clarion call that if there can be an expeditious establishment of these Special Economic Zones in the identified geographical locations, we can quickly economically benefit the nation and make sure that this so said $4.5 billion economy can go up to a $10.5 billion or even a $50 billion economy, as long as we put out policies in place and make sure that we follow up in terms of implementation.”

 The opposition Movement for Democratic Change says it can turn Zimbabwe into a $100 billion economy if it elected.

Continued next page

(287 VIEWS)

This post was last modified on July 31, 2017 4:18 pm

Page: 1 2

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Recent Posts

Will Mnangagwa go against the trend in the region?

Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to…

October 22, 2024

The Zimbabwe government and not saboteurs sabotaging ZiG

The Zimbabwe government’s insatiable demand for money to satisfy its own needs, which has exceeded…

October 20, 2024

The Zimbabwe Gold will regain its value if the government does this…

Economist Eddie Cross says the Zimbabwe Gold (ZiG) will regain its value if the government…

October 16, 2024

Is Harare the least democratic province in Zimbabwe?

Zimbabwe’s capital, Harare, which is a metropolitan province, is the least democratic province in the…

October 11, 2024

Zimbabweans against extension of presidential term in office

Nearly 80% of Zimbabweans are against the extension of the president’s term in office, according…

October 11, 2024

Zimbabwe government biggest loser when there is a discrepancy in the exchange rate

The government is the biggest loser when there is a discrepancy between the official exchange…

October 10, 2024