Overview
In October 2019, the Zimbabwe Special Economic Zones Authority (Zimseza) a portion of Selous measuring 50 667 hectares as a special economic zone (SEZ).
The zone is located on certain pieces of land covered by grants issued to Karo and various subsidiaries.
With the declaration of SEZ status, Karo and its licensed subsidiaries will be entitled to several fiscal incentives that further enhance the economics of the project including reduced tax rates, duty free importation of raw materials and equipment and exchange control rulings.
