Upper middle income economy a huge possibility: VP Chiwenga


By ZBC Reporter

The year 2020 will go down as one of the most challenging periods in the history of the world economy due to the damage inflicted by the COVID-19.

However in Zimbabwe’s case, this difficult episode could not deter local companies from undertaking various projects which contribute to the growth of the country’s economy.

This was said by Vice President Retired General Dr Constantino Chiwenga who presided over the annual Chartered Institute of Project Management Zimbabwe Awards on Thursday evening.

The infrastructure projects being carried out in the country especially roadworks along the Beitbridge – Chirundu Highway show that local companies have the ability to meet the developmental aspirations of this country, he said.

Dr Chiwenga praised local entrepreneurs for their steadfastness, adding they are the bedrock for the successful implementation of the National Development Strategy One.

He also spoke on the attainment of an upper middle income economy  which he said is a huge possibility if the commitment shown by the private sector this year is anything to go by.

The country can only move forward if local enterprises come forward and utilise local resources to create jobs generate foreign currency and the attainment of an upper-middle-income economy will obviously be within reach, he added

A mix of listed heavyweight companies, new upstarts and small scale enterprises were honoured for their outstanding work in 2020.

The Minister of State for Presidential Affairs Monitoring and Implementation of government projects, Dr Jorum Gumbo was also present at the event and revealed that it was a busy schedule during the year to oversee various projects unfolding countrywide.

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