Cold spell to con­tinue

Chronicle (Zimbabwe) - - Front Page -

Most peo­ple were yes­ter­day caught off guard as they woke up to chilly and windy con­di­tions.

In a state­ment the MSD said the cold weather was caused by wet­ness af­fect­ing South Africa.

“The at­mos­phere is be­com­ing rel­a­tively moist across much of the coun­try, with a slight fall in pres­sures over the south east coast of South Africa dry­ing much of the south­ern ar­eas which ex­pe­ri­enced rather windy, cloudy and cold con­di­tions for the greater part of the day,” said MSD.

The depart­ment said Bu­l­awayo, Mata­bele­land North and South and Mashona­land West are to­day and to­mor­row ex­pected to ex­pe­ri­ence sunny to hot con­di­tions. Harare, Masvingo, Mid­lands, Man­i­ca­land, Mashona­land East and Mashona­land Cen­tral prov­inces are ex­pected to con­tinue be­ing af­fected by the cold breeze. “Partly cloudy con­di­tions ex­pected due to rem­nant mois­ture while be­ing warm to hot, it should be slightly cooler than of late dur­ing the day, though morn­ing and even­ing will be in the mild cat­e­gory,” read the state­ment. — -@nqot­shili

He said ex­ports were crit­i­cal as they help in for­eign cur­rency gen­er­a­tion.

“The most im­por­tant source of for­eign cur­rency to drive the econ­omy is through ex­ports, es­pe­cially value added goods and ser­vices.

“I wish to com­mend com­pa­nies from all sec­tors of our econ­omy . . . that have con­tin­ued to ex­port and con­trib­ute to the coun­try’s ex­port earn­ings.

“I note that min­er­als, to­bacco, hor­ti­cul­ture and se­lected man­u­fac­tured prod­ucts and ser­vices dom­i­nate the coun­try’s ex­port bas­ket,” said Pres­i­dent Mnan­gagwa.

How­ever, he said the cur­rent sce­nario where about 80 per­cent of lo­cal ex­ports are com­ing from pri­mary com­modi­ties was “un­de­sir­able” in the medium to long-term fu­ture.

He said “greater strides” must be made to en­sure the ex­pan­sion of the pro­duc­tion and range of ex­ported man­u­fac­tured and pro­cessed goods across all sec­tors of the econ­omy.

Pres­i­dent Mnan­gagwa said man­u­fac­tured and pro­cessed agri­cul­tural com­modi­ties and ser­vices must be grown “ex­po­nen­tially if we are to sus­tain the eco­nomic growth tra­jec­tory and re­duce our trade deficit.

“I am con­fi­dent that the cur­rent to­tal ex­port fig­ures can be sur­passed given the vast re­source en­dow­ments of our coun­try.

“It is in­cum­bent upon cap­tains of in­dus­try and com­merce across all sec­tors to be ex­port-ori­ented and to lever­age on our coun­try’s geo-strate­gic ad­van­tage to ac­cess a broader mar­ket share within the re­gion, con­ti­nent and be­yond,” he said.

The Pres­i­dent said to ac­cel­er­ate the coun­try’s quest to en­ter the global value chains, lo­cal firms must utilise the ex­ist­ing bi­lat­eral agree­ments and the pref­er­en­tial and cus­toms trade agree­ments that have been en­tered into for duty-free and quota-free mar­ket ac­cess with trad­ing part­ners in Comesa, Sadc and coun­tries in the Euro­pean Union un­der the In­terim Eco­nomic Part­ner­ship Agree­ment.

The com­ing in of the African Con­ti­nen­tal Free Trade Area (ACFTA), which was signed in March this year, ush­ers in fur­ther op­por­tu­ni­ties for lo­cal en­trepreneurs and com­pa­nies to ex­port into the con­ti­nent as part of pro­mot­ing in­tra-African trade.

Pres­i­dent Mnan­gagwa said min­ing and agri­cul­ture are among Gov­ern­ment’s pri­or­ity sec­tors ear­marked to stim­u­late eco­nomic growth.

How­ever, he said there was need to speed the value ad­di­tion and ben­e­fi­ci­a­tion of min­er­als, adding that Gov­ern­ment ex­pects rel­e­vant min­istries, de­part­ments, agen­cies and paras­tatals to be proac­tive in de­vis­ing and im­ple­ment­ing poli­cies and strate­gies, in­clu­sive of en­hanced use of ICT ap­pli­ca­tions that will fa­cil­i­tate in­creased ex­ports of value-added goods and ser­vices across all sec­tors.

Pres­i­dent Mnan­gagwa said lo­cal com­pa­nies should es­tab­lish joint ven­ture part­ner­ships with po­ten­tial in­vestors that are keen to do busi­ness with Zimbabwe.

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