By Wellington Makonese
THE Second Republic is on a drive to attract investments in value addition and beneficiation opportunities in agro-processing, mineral refinery and tourism sectors as the country pursues economic transformation.
The just-ended 77th Session of the United Nations General Assembly provided an opportunity for the country to market its massive investment opportunities.
The agriculture and mining sectors, which are the country’s major drivers, have been on an upward production trend, thanks to government support.
With the country having embraced the fourth industrial revolution, investments in value addition and beneficiation chains have been cited as key towards the country’s re-industrial agenda.
“The value of output increases when there is value addition, and there is job creation. It’s critical for us so that we realise our goals of Vision 2030,” said Mr Mike Kamungeremu, an economic analyst.
In his address to captains of industry in the United States on the sidelines of the just-ended United Nations General Assembly, President Emmerson Mnangagwa called for more foreign investments in value addition, saying they will be incentivised.
“We produce cotton, but we have capacity to process around 30%; we have prospects, the same with wheat grain, which need is to have agro-processing chains, and new technologies that will need investment, the same with the mining sector. Despite the high minerals, we will give tax breaks to those who will establish refineries,” he said.
Zimbabwe continues to make strides to promote production and refinery on the local market as witnessed through setting up of the Mapfura Plant in Mwenezi and Tomato Processing Plant in Mutoko.
Government also put on halt granite exports to allow for local processing as part of the beneficiation drive.
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