Buzwagi SEZ to anchor Shinyanga’s growth

SHINYANGA: BARRICK Buzwagi Special Economic Zone (SEZ) is expected to be a major catalyst for economic growth in Shinyanga region and the nation at large due to its plans that offers various investment opportunities.

The Deputy Minister of State in the President’s Office for Planning and Investment, Dr Pius Chaya, said during a working visit to the Special Economic Zone in Kahama Municipal Council that the closure of the Buzwagi Mine demonstrates how a mine can be successfully transformed into an attractive investment area.

“This area has been designated as one of six investment zones, where there are plans to build vocational training colleges, residential areas, industries and other important infrastructure,” Dr Chaya said.

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The SEZ is expected to create new formal and informal employment not only for Kahama residents but to the entire country. Kahama District Commissioner (DC) Frank Nkinda, who was part of the delegation, said the Buzwagi SEZ meets all the criteria suitable to attract investors, including a friendly investment environment, a large land area and the presence of an airport that facilitates transportation and create a conducive environment for businesses and investment.

“The government continues to expand opportunities by setting aside this special investment area, which was formerly the gold mining site covering 1,331 acres,” the DC said.

This area is intended for the construction of industries that manufacture mining-related products.

So far, six factories have already been built, while owners of 15 factories have expressed interest in establishing industries in the area. Earlier, the SEZ Buzwagi Mine Closure Manager, Eng Zonnastraal Mumbi, said the zone is currently receiving strong interest from investors, as it meets all key criteria required to attract investment.