2019

menos de 1 minuto As the federal government makes effort to diversify Nigeria’s economy from oil, if well harnessed, revenue generated from free trade zones could surpass what the country currently earns from the hydrocarbon and sustains the economy.  This position was articulated and reinforced by the immediate past Managing Director of the NAHCO Free Trade Zone, Mr. Baba Yusuf, when he speaks with Chinedu Eze. Yusuf, who is a member of and knowledge contributor to the Geneva-based World Free Zones Organization (World FZO), Continue lendo→

3 minutos THE ongoing “Two Sessions,” the annual gathering of China’s top legislative and political advisory bodies, have shed light on the expansion of the Shanghai free trade zone pilot area. Answering questions put online, Chen Jingying, a Shanghai delegate to the National People’s Congress, said the expansion wasn’t just an increase in geographical space. Instead, the goal is to better serve significant national development strategies as well as the country’s comprehensive reform and opening-up efforts. Chen’s remarks were in response to heated talk Continue lendo→

menos de 1 minuto President’s Adviser and Secretary of Supreme Council of Free Zones Morteza Bank made the remark on Sunday and said, “some $118 billion worth of products were exported from the zone in the past five years. ”In addition, $38 billion worth of products was imported in the zone, registering a significant $80 billion worth of trade balance. Speaking in a meeting of ‘strategies of development of services, products and exports of top Iranian companies’, held at the venue of IRIB Intl. Continue lendo→

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→