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


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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.

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The Insider

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.

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