1 minuto The Zimbabwean government has designated various tracts of land as Special Economic Zones (SEZ) in a noble production oriented policy which requires follow through. The Special Economic Zones Act (Chapter 14:34) of October 2016 gave birth to the Zimbabwe Special Economic Zones Authority (ZimSEZA) which is a statutory body set up specifically to attract investment, designate, develop and administer economic zones in various parts of Zimbabwe. The country has been struggling to attract foreign investment with FDI inflows averaging $340 million from Continue lendo→

1 minuto Even as major development finance institutions were committing to funding the development of Nigeria’s special economic zones in Abuja, work had commenced on Enyimba Economic City in Abia State. “We agreed to be part of the project because it has been long overdue. We have no doubt that it will succeed,” said Mr Kayode Pitan, managing director of the Bank of Industry. For Abia State Governor, Okezie Ikpeazu, and the communities that donated land, it was hope kept alive as the management Continue lendo→

menos de 1 minuto In his State of the Nation address, President Ramaphosa announced that South Africa would be looking into the possibility of creating more special economic zones. A special economic zone is a distinct demarcated area that has been earmarked for economic development and which provides tax incentives to attract investment to the area. The tax incentives are available to certain types of companies operating within that special economic zone (SEZ). The main tax benefit available to a qualifying company within a Continue lendo→

3 minutos Prefeitura tenta nova prorrogação do prazo para implantação de infraestrutura básica em área destinada à ZPE (Zona de Processamento de Exportação). A informação é do prefeito Paulo Piau (MDB), justificando que a medida é necessária para dar tempo para o Congresso Nacional definir as mudanças referentes às exigências para instalação de empresas na ZPE.  A data-limite para realização das obras de infraestrutura na ZPE em Uberaba já foi estendida duas vezes pelo governo federal. O prazo agora vence em junho deste ano, Continue lendo→

8 minutos The Federal Government appears unrelenting in its push for rapid, inclusive and sustainable industrialisation, job creation and diversified export earnings. Undeterred by the barrage of import ban on Nigeria’s agro-allied products by some importing countries over the failure to meet international quality standards, government has, this time, turned to the use of export-oriented Special Economic Zones (SEZs). SEZs operate against the background of highly efficient infrastructural facilities, less bureaucracy and streamlined one-stop-shop operational procedures. This is partly because of the bespoke incentives Continue lendo→

3 minutos The special economic zones (SEZs) are special, because they promise to offer something that the country in which they are located does not offer. SEZs provide a more liberal business environment, a much better governmental interface and lucrative incentives. But most importantly, they promise to resolve the fundamental investment constraints that the country faces. What holds back investors from investing in Pakistan? Besides quoting security concerns that are now rapidly fading, businesses and investors often complain about poorly skilled workforce, corruption, cumbersome Continue lendo→