Zimbabwe’s offensive investment drive bearing fruit

By ZBC Reporter

The Ministry of Industry and Commerce’s offensive outward mission continues to attract global attention, with the latest being the eighth edition of the Southern Africa European Union CEO Dialogue in Sandton South Africa.

The realisation that Zimbabwe’s economic transformation agenda is heavily hinged on the effectiveness and efficiency of the country’s industrial base has given government the will power to enhance the ease of doing business.

Speaking at the EU CEO dialogue in Sandton South Africa, the Minister of Industry and Commerce Dr Sekai Nzenza reassured potential investors that Zimbabwe’s investment climate has changed for the better as evidenced by a dual strategic thrust towards the private sector and export-led economic growth.

“In order to unlock the potential in the various economic sectors, the Government of Zimbabwe has undertaken sector specific strategies to develop selected value chains including Agro Processing, Pharmaceuticals, Bus and Truck Assembly among other sectors,” she said.

Minister Nzenza reiterated that Zimbabwe’s inviting policy framework coupled with the country’s competent human resource base are natural investment appetisers.

“In the quest of bringing ease of doing business we have created a one stop shop investment body in ZIDA whereby we are streamlining all our regulatory processes to speak to investors needs,” added Nzenza.

The 2020 financial year marked the introduction of the Zimbabwe Industrial Development Policy which culminated in increased productivity, creating room for beneficiation and value addition.

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