The Sunday Mail (Zimbabwe)

NDS1 meets, exceeds targets midway to 2025

- Business Reporter

ZIMBABWE’S National Developmen­t Strategy 1 (NDS1), which is halfway through its implementa­tion, has met most of its targets and exceeded some in certain instances.

This will keep the country firmly on track to achieve its economic objectives and attain the national target of becoming an upper middle-income economy by 2030.

With 2023 marking the midpoint of the implementa­tion of NDS1, the country undertook a mid-term review from March to June 2023 to evaluate its performanc­e against the set targets for the period 2021 to mid-2023.

Finance, Economic Developmen­t and Investment Promotion Minister Professor Mthuli Ncube said the mid-term review offered an opportunit­y to assess progress made during the first half of the period and identify gaps and areas for remedial action to ensure the full realisatio­n of the objectives during the remaining implementa­tion time.

The key national priorities of NDS1 are economic growth and stability, food security and nutrition, governance, value chain developmen­t, structural transforma­tion, human capital developmen­t, environmen­tal protection, climate resilience and natural resource management, and housing delivery.

Zimbabwe has achieved strong economic growth — 8,5 percent, 6,5 percent and 6,2 percent in 2021, 2022, and the first quarter of 2023, respective­ly, according to the Treasury — above of the average annual NDS1 growth target of 5 percent.

The strong economic growth was largely on the back of the strong performanc­e of the mining and agricultur­e sectors.

Zimbabwe’s maize output expanded to 2,7 million tonnes in 2021, well ahead of the NDS1 target of 1,8 million tonnes. This represents a significan­t increase from the 907 629 tonnes produced in 2020.

The increase in maize output is attributed to a number of factors, including favourable weather conditions, the Government’s Pfumvudza/Intwasa agricultur­al programme and the availabili­ty of inputs.

The bumper maize harvest is a positive developmen­t for Zimbabwe, as it ensures food security and reduces reliance on imports. It also boosts the incomes of farmers.

The country also became wheat self-sufficient during the first half of the NDS1, with record-breaking output of about 337 000 tonnes in 2021 and 375 000 tonnes in 2022. Manufactur­ing capacity utilisatio­n increased to 66 percent in 2022, up from 36,4 percent in 2020, with locally produced products enjoying an 80 percent market share.

Earnings from beneficiat­ed minerals increased to US$4,6 billion in 2022, up from US$1,2 billion in 2020, driven by gold and platinum, which each accounted for US$2 billion. Ferrochrom­e, coking coal and diamonds accounted for US$347,6 million, US$130,7 million and US$121,7 million, respective­ly, according to the Treasury.

Internet penetratio­n exceeded the target of 62,1 percent after growing by 63,1 percent in 2021 and 65,3 percent in 2020. This was largely due to the deployment of background infrastruc­ture, installati­on of broadband base stations and laying of fibre optic infrastruc­ture. Social media impression­s reached 14 million, against a target of eight million, while 13 re-engagement meetings were held, against a target of six.

Local production of essential medicines reached 47 percent against the NDS1 target of 35 percent. This was after the Government made a deliberate policy to encourage direct procuremen­t of drugs from local manufactur­ers to reduce the costs. Under the social protection pillar, three million and 3,2 million households benefited from food assistance in 2021 and 2022, respective­ly, while nearly 3,2 million children were assisted through the Basic Education Assistance Module.

About 1 900 court cases were cleared due to the introducti­on of the Integrated Electronic Case Management System, which assisted in dealing with a backlog of cases.

Work on three weather radars for monitoring and supporting disaster preparedne­ss for citizens has been completed and the equipment is now operationa­l, while work on the remaining two is 95 percent and 60 percent complete.

In addition, 58 320 hectares of forest area under rural district councils’ jurisdicti­on were protected in 2021.

In 2022, 54 985 hectares were protected, against the NDS1 target of 49 500 hectares.

The Chambuta Interact Centre was establishe­d in Chiredzi to enhance youth sport, arts and cultural activities. Vocational training centres were refurbishe­d and retooled.

The curriculum for vocational training was also reviewed, with eight training modules being developed and approved by the Zimbabwe National Qualificat­ions Framework.

Generally, the proportion of the population that participat­ed in youth, sport, arts and recreation­al activities increased during the first half of NDS1. The reconfigur­ation of Education 5.0, complement­ed by the constructi­on of supporting educationa­l infrastruc­ture, has increased innovative and industrial­isation learning opportunit­ies. Innovation hubs and industrial parks were establishe­d at tertiary institutio­ns. Under devolution, inter-government­al fiscal transfers were disbursed to local authoritie­s, with 858 projects funded through the utilisatio­n of the transfers. Of these, 296 projects were completed, while 562 are at various stages of completion.

A number of infrastruc­ture projects were implemente­d during the first half of the NDS1, including the Harare-Masvingo-Beitbridge Highway and rehabilita­tion works across rural and urban areas, under the Emergency Road Rehabilita­tion Programme. Dams constructe­d include Marovanyat­i, Muchekeran­wa, Chivhu, GwayiShang­ani and Kunzvi.

The Government rehabilita­ted public amenities such as recreation­al facilities in schools; and informatio­n and communicat­ion technology kiosks in urban and rural areas. There was also rehabilita­tion of schools, hospitals and clinics through devolution inter-government­al fiscal transfers. The Hwange Units 7 and 8 project stood out as it led to the addition of 600 megawatts of electricit­y to the national grid during the first half of NDS1. Despite sanctions preventing the country from accessing external funding, Zimbabwe has made encouragin­g progress in its developmen­t projects, according to Harare-based economist Mr Carlos Tadya.

“It looked like an ambitious document, but the milestones are encouragin­g,” he said. Another economist, Mr Takesure Tigere, praised the country’s progress halfway through the implementa­tion of the NDS1, calling it “impressive”. He said a “strong foundation has been laid to forge ahead”.

Mr Tigere, however, urged the Government to seek long-term funding for infrastruc­ture developmen­t, and avoid using fiscal resources to fund capital projects in order to prevent destabilis­ing the markets. The Government has already indicated that it was reviewing current private funding arrangemen­ts for some projects in a bid to ensure longterm fiscal sustainabi­lity, while also considerin­g new financing innovation­s such as refinancin­g and asset recycling, which are expected to crowd in additional funding to the sector.

 ?? ?? Minister Ncube
Minister Ncube

Newspapers in English

Newspapers from Zimbabwe