Trans­form­ing Zim­babwe to a Pri­vate Sec­tor-Led Econ­omy

Mail & Guardian - - Invest In Zimbabwe -

to pub­lic util­i­ties and the sup­ply chain. Gov­ern­ment is pay­ing close at­ten­tion to in­sti­tu­tional ef­fi­ciency and pol­icy de­sign to fur­ther rein­vig­o­rate the pri­vate sec­tor and its growth.

Al­ready, the gov­ern­ment’s steady strides to­wards change have had a pos­i­tive eco­nomic im­pact. The over­all eco­nomic growth for 2018 is sit­ting at a pro­jected 6.3%, ex­ceed­ing the ini­tial pro­jec­tion of 4.5%, and an ex­pected growth of 9% is pro­jected for 2019. It is a re­newed sense of busi­ness con­fi­dence that has al­ready ig­nited seg­ments of the econ­omy and this has to be nur­tured to fur­ther growth in the pri­vate sec­tor and to keep the econ­omy on track.

In the agri­cul­tural sec­tor, the pro­gramme is fo­cused on re­turn­ing Zim­babwe to its orig­i­nal glory as the bread­bas­ket of Africa. The mea­sures sup­port full re­cov­ery of the live­stock mar­ket and pro­vides ben­e­fits for im­proved sup­ply along the live­stock value chain. This is bol­stered by ini­tia­tives de­signed to im­prove pri­vate sec­tor sup­port, which will re­duce re­liance on gov­ern­ment. The in­tro­duc­tion of bank­able 99-year leases will grant farm­ers fund­ing from fi­nan­cial in­sti­tu­tions and there has been a marked im­prove­ment in ac­cess to mar­kets for farm­ers.

The min­ing sec­tor is re­ceiv­ing just as much at­ten­tion. Closed mines are set to be re-opened while those that op­er­ate be­low ca­pac­ity are to be ex­panded. Min­ing is al­ready re­spon­si­ble for more than 70% of the coun­try’s ex­port earn­ings and this makes it crit­i­cal for the econ­omy.

Man­u­fac­tur­ing will re­ceive in­creased in­vest­ment with an em­pha­sis on value adds and the use of agri­cul­tural and min­eral pro­duc­tion to in­crease em­ploy­ment op­por­tu­ni­ties and ex­port in­come. Gov­ern­ment is set to roll out ini­tia­tives that part­ner both for­eign and lo­cal in­vestors so as to drive growth and col­lab­o­ra­tive op­por­tu­ni­ties. And through­out all sec­tors, there runs the thread of the small, medium and mi­cro en­ter­prise

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