By Stanley James
Cabinet has approved initiatives towards the achievement of a 12 billion United States dollar mining industry by 2023, with the sector expected to generate 3, 5 billion United States dollars this year.
Presenting the 44th post cabinet paper this Tuesday, the Minister of Information, Publicity and Broadcasting Services Senator Monica Mutsvangwa said the initiatives are mainly centred on key aspects of mining development.
“The Minister of Mines and Mining Development presented a paper on initiatives towards the achievement of a US$12 billion by 2023 and they include issues such as exploration, issuance of special grants among others.”
Responding to questions on whether the targets are achievable, Mines and Mining Development Minister, Honourable Winston Chitando spoke on the commitment by mining firms to increase output.
“This year we are expecting the sector to earn US$3,5 billion despite the Covid- 19 outbreak.”
The Minister of Finance and Economic Development, Professor Mthuli Ncube highlighted that the National Development Strategy One is key to overall economic development.
“We are aware of what we are doing and we remain committed to such plans for the benefit of our people.”
In a related development, Zimbabwe has for the first time since independence, released data on provincial output trends for the period 2012 to 2018.
“Compilation of the data buttresses the devolution agenda which brings with it increased demand for sub-national economic statistics.”
Other highlights of this week’s cabinet meeting include an update on the government’s response to the Covid-19 outbreak and the African Union Summit on Smart Africa.