By Chantelle Muzanenhamo
Vice President Hon. Gen. (Retd) Dr. C. G. D. N. Chiwenga has stressed the crucial role of industrialization in propelling Zimbabwe’s economic advancement, during his address at the 65th Zimbabwe International Trade Fair (ZITF) International Business Conference on Wednesday.
Chiwenga expressed his appreciation for the efforts of the Zimbabwe International Trade Fair Company and the National Economic Consultative Forum in organizing the conference, which serves as a platform for collaborative dialogue on economic development strategies.
“Our collective goal to redefine the Zimbabwean economy relies on fostering a strong industrial sector that can support sustainable and inclusive growth,” he remarked.
The Vice President acknowledged the progress made under the Second Republic, particularly through the National Development Strategy 1, which has significantly contributed to the country’s economic recovery. Looking ahead to the implementation of National Development Strategy 2, he urged a transition towards high-value, technology-driven manufacturing.
“We must innovate and elevate our production methods to enhance our competitiveness in the global market,” Chiwenga stated.
He outlined the importance of the Zimbabwe National Industrial Development Policy (2024–2030) and the Zimbabwe Industrialization and Resilience Growth Plan, which serve as blueprints for enhancing industrial output and value addition.
Chiwenga stressed the need for collaboration across government sectors, citing the Whole-of-Government and Sector Approach initiated by President Emmerson Dambudzo Mnangagwa as critical for addressing economic challenges and fostering industrial growth.
Additionally, Chiwenga reported on the recent Competitiveness Summit in Bulawayo, which led to the creation of a Competitiveness Call to Action. This initiative aims to unite various ministries in streamlining regulatory reforms essential for improving the business environment, thereby instilling confidence among investors and attracting both domestic and international capital.
The ZITF conference provided a crucial opportunity for stakeholders to engage in discussions that will shape the future of Zimbabwe’s industrial landscape, underscoring a shared commitment to driving economic transformation and resilience in an evolving global market.