The Special Economic Zones (SEZ) Authority board has appeared before the Parliamentary Portfolio Committee on Foreign Affairs, Industry and Commerce this Tuesday (today).
No secretariat 8 months on, limited budget
The chairman of the SEZ Authority board Dr Gideon Gono says the authority is currently operating in the dark as it does not have a particular ministry it falls under, does not have a secretariat and has limited budgetary allocation to run its mandate.
Dr Gono revealed that a chief executive officer and a secretariat to run the daily administration of the Special Economic Zones is yet to be appointed 8 months after the appointment of the board on a 3-year term.
The former RBZ Governor says in December last year, the board was allocated a 10th of their requirements.
He noted that the Special Economic Zones when fully operational will deal with the liquidity crunch and also contribute US$10 billion worth of investments.
Instrumental in ZISCO deal
Dr Gono, however, said despite these setbacks, the board has been instrumental in the US$1.2 billion ZISCO rehabilitation deal.