UPDATE

Zimbabwe commits to enhancing ease of doing business, boosting competitiveness

Rutendo Nyeve, Sunday News Reporter

IN a bid to accelerate Zimbabwe’s economic transformation, the Ministry of Industry and Commerce has reaffirmed its dedication to implementing President Mnangagwa’s directive to enhance the ease of doing business, emphasising the pivotal role of competitiveness in driving sustainable economic growth.

Speaking at the official opening of the National Competitiveness Commission’s (NCC) Inaugural Competitiveness Summit at the Zimbabwe International Exhibition Centre, Minister of Industry and Commerce Mangaliso Ndlovu outlined the Government’s commitment to fostering a competitive and business-friendly environment.

Minister Ndlovu stressed that competitiveness remains a cornerstone for achieving national growth and long-term sustainability.

“Competitiveness is a key driver of sustainable economic growth. Zimbabwe’s efforts to achieve Vision 2030 of becoming a prosperous, empowered upper-middle-income society hinge on creating a conducive business environment,” said Minister Ndlovu.

Minister Ndlovu praised President Mnangagwa’s unwavering support for economic transformation, industrial growth, and private sector development, noting that the President’s leadership has been instrumental in inspiring national efforts to position Zimbabwe as a globally competitive economy.

“The President’s dedication to economic prosperity, sustainable industrialisation, and private sector development aligns with our collective vision of transforming Zimbabwe into a globally competitive economy,” said Minister Ndlovu.

The summit comes just a week after President Mnangagwa issued a directive to his ministers to address the challenges faced by businesses due to bureaucratic red tape, exorbitant fees, and over-regulation.

In his speech, Minister Ndlovu reiterated the President’s call for a streamlined business environment, emphasising the need to remove barriers that hinder both local and foreign investments.

“To enhance the overall performance of our economy, the ease of doing business continues to be an important aspect of our programming,” Ndlovu stated, quoting the President.

“Concerted efforts must be made to revisit all areas that hinder the start and growth of investments. Businesses should not suffer from limited regulations, punitive administrative licenses, or excessive fees. These measures should instead promote economic development and improve the livelihoods of our people.”

 

UPDATE

Collaboration between Government and private sector critical: ZNCC

Judith Phiri, Business Reporter

The Zimbabwe National Chamber of Commerce (ZNCC) has emphasized the importance of continued collaboration between the Government and the private sector, highlighting that a competitive environment is essential for the success of Zimbabwean businesses.

Delivering the vote of thanks at the inaugural two-day National Competitiveness Commission (NCC) Competitiveness Summit held at the Zimbabwe International Exhibition Centre in Bulawayo, ZNCC CEO Mr Christopher Mugaga noted that a competitive environment where businesses can thrive and survive is important for economic growth.

He said collaboration between the Government and private sector is critical, while there is a need to address the regulatory environment for competitiveness.

Mr Mugaga called upon all stakeholders both private and public to take competitiveness seriously in the face of the AFCFTA which calls for a borderless Africa.

He said as the country celebrates the National Youth Day Commemoration tomorrow it was also important for young people to understand the aspects of competitiveness.

The Summit is running under the theme: “Building Sustainability Towards Enhanced Productivity and Competitiveness in Zimbabwe.”

UPDATE

President Mnangagwa unveils NDS2 plan: Value Addition and Industrialisation to drive economic growth

Nqobile Bhebhe, [email protected]

President Mnangagwa has announced that the upcoming National Development Strategy 2 (NDS2) will focus on value addition and industrialisation, to increase the manufacturing sector’s value from the current US$4 billion to over US$10 billion.
Speaking at the inaugural Competitiveness Summit in Bulawayo, President Mnangagwa highlighted the transition from the first edition of the National Development Strategy, which concludes in 2025, to its successor, NDS2.
“As you are aware, the first edition of the National Development Strategy is coming to an end in 2025.
“Efforts are underway to develop the successor program, the National Development Strategy 2. The NDS2 will prioritize value addition and industrialisation, but put leverage on the manufacturing sector.
“The aim is to increase the sector’s value from the current US$4 billion to over US$10 billion through a strategic focus on value chains in the different sectors,” said President Mnangagwa.
He commended the National Competitiveness Commission for organizing the summit, emphasising its role as a key institution in fostering a competitive economic environment in Zimbabwe.
The summit runs under the theme: “Building Sustainability Towards Enhanced Productivity and Competitiveness in Zimbabwe.”

 

UPDATE

VP Chiwenga commends President Mnangagwa for Advancing Zimbabwe’s global competitiveness

Nqobile Bhebhe, [email protected]

VICE President Constantino Chiwenga has praised President Mnangagwa for consistently championing efforts to enhance Zimbabwe’s global competitiveness.
Speaking at the inaugural Competitiveness Summit in Bulawayo, Dr Chiwenga emphasized the President’s commitment to economic transformation.
The summit runs under the theme: “Building Sustainability Towards Enhanced Productivity and Competitiveness in Zimbabwe.”
“Distinguished guests, ladies and gentlemen, it is gratifying that our guest of honour has consistently championed the improvement of Zimbabwe’s global competitive place,” he said.
VP Chiwenga noted the transformative journey the country has undertaken under President Mnangagwa’s leadership, focusing on productivity, ease of doing business, and fostering an investment-friendly environment.
“Under his dynamic and result-oriented leadership, the country has embarked on a transformative journey focusing on boosting productivity, enhancing the ease of doing business, and fostering an ecosystem that attracts both domestic and foreign investment,” said the Vice President.
He noted that the summit’s theme aligns with President Mnangagwa’s commitment to sustainable, inclusive, and equitable economic growth as outlined in National Development Strategy 1.
“This trajectory will continue to inform and guide us into a National Development Strategy 2,” he added.
VP Chiwenga further commended the President for spearheading various initiatives to enhance the country’s competitiveness, including the Competitiveness Summit itself.

UPDATE

Indian competitiveness expert proposes Zimbabwe’s path to global competitiveness

 

Rutendo Nyeve, Sunday News Reporter

THE Chairman of the Institute for Competitiveness in India, Professor Amit Kapoor has outlined a comprehensive roadmap to bolster Zimbabwe’s global competitiveness by leveraging its natural resources, strategic location, policy reforms, innovation and regional integration.

Speaking at the National Competitiveness Council (NCC) inaugural Competitiveness Summit 2025, Prof Kapoor stressed the importance of structural reforms, strategic investments, and policy alignment to unlock Zimbabwe’s economic potential.
He highlighted the country’s rich natural resources, particularly in mining and agriculture, as a key competitive advantage.
Prof Kapoor also underscored the need for value addition in sectors like lithium refining and agro-processing to help Zimbabwe climb the global value chain.

“Zimbabwe has the potential to become a key player in the global green energy transition by leveraging its lithium reserves. “However, this requires strategic partnerships, infrastructure development, and regulatory reforms to attract diverse international investors,” said Prof Kapoor

Prof Kapoor emphasised the need for Zimbabwe to adopt a “Structural Transformation 2.0” model, focusing on sector-based growth across industries such as agriculture, mining, renewable energy, and tourism.
He called for regulatory reforms to improve the ease of doing business, streamline investment approvals, and reduce bureaucratic inefficiencies.

“Zimbabwe must create an enabling environment for competitive firms to thrive. This includes improving infrastructure, access to capital, and fostering innovation through stronger collaboration between research institutions and industries,” said Prof Kapoor.

A critical area of focus in Prof Kapoor’s presentation was the need to invest in human capital and innovation. Zimbabwe ranks 127 globally in human capital and research, far behind countries like India, which ranks 51. Prof Kapoor urged the Government to prioritise education, vocational training, and digital literacy to equip the workforce with the skills needed for emerging industries.

“Innovation is the cornerstone of competitiveness. Zimbabwe must invest in research and development, strengthen its intellectual property systems, and foster a culture of innovation to compete globally,” said Prof Kapoor.

Prof Kapoor also highlighted the importance of regional integration through initiatives like the African Continental Free Trade Agreement (AfCFTA).

With intra-Africa trade currently standing at just 14.12 percent of total exports, Zimbabwe has a significant opportunity to expand its trade footprint within the continent.

“By reducing tariffs and eliminating non-tariff barriers, Zimbabwe can position itself as a regional economic hub. This will not only boost exports but also attract foreign investment,” said Prof Kapoor.

Prof Kapoor further made a clarion call for Zimbabwe to adopt a Broad Ambition for the Future,” focusing on shared prosperity, sustainability, and resilience.

Prof Kapoor emphasised that economic growth must be inclusive, with opportunities for women, youth, and low-skilled workers.

“Zimbabwe’s transformation is not just a national imperative but a catalyst for global progress. By leveraging its competitive advantages, Zimbabwe can contribute to global supply chains, regional stability, and the green energy transition.” Said Prof Kapoor.

Despite its rich natural resources and strategic location in Southern Africa, Prof Kapoor said the country has faced significant economic challenges over the past decades. With a GDP per capita of $3,442 (PPP USD) and an employment-to-population ratio of 59 percent, the country lags behind its regional peers in terms of productivity and economic diversification.

Professor Kapoor highlighted that Zimbabwe’s journey toward becoming a middle-income country requires addressing four key challenges: shared prosperity, job creation, policy implementation, and adapting to global changes.

The NCC Inaugural Competitiveness Summit 2025 marks a pivotal moment for Zimbabwe.

UPDATE

Minister Ncube calls for enhanced competitiveness to drive Zimbabwe’s prosperity

Judith Phiri, Business Reporter

BULAWAYO Minister of State for Provincial Affairs and Devolution Judith Ncube has said competitiveness is critical for the economic development and growth of Zimbabwe.
In her welcome remarks at the highly subscribed inaugural two-day National Competitiveness Commission (NCC) Competitiveness Summit in Bulawayo at the Zimbabwe International Exhibition Centre (ZIEC), she said the Summit comes at a time the Government was working towards the attainment of NDS1 aspirations critical for economic development.
“The Presidium has found time to grace the event highlighting their unwavering support to the development of the country. The Summit comes at a time when various efforts are being made to ensure the economic growth of the nation to build a prosperous economy.”
The Minister said the event was taking place in Bulawayo in line with NDS1 aspirations of Devolution which were key for the Province’s development and growth agenda.
She said in line with the devolution agenda, it was critical to tap into the natural endowments of the city as Bulawayo has long been the industrial hub of the country and embracing the dynamics of competitiveness in the 21st century was critical.
“We need to identify challenges affecting businesses competitiveness and come up with solutions to create a platform for all relevant stakeholders to agree on interventions. Stakeholders should be able to share practical ideas that will ensure the country remains competitive for a prosperous future and improve the livelihoods of all Zimbabweans,” she added.
Minister Ncube commended the organisers of the Summit and encouraged delegates to sample some of Bulawayo and surrounding tourist sites such as the Matopos National Park, as well as the Hwange National Park and UNESCO heritage sites such as the Victoria Falls.
President Mnangagwa is expected to deliver a keynote address and officially open the Summit.
The Summit is running under the theme: “Building Sustainability Towards Enhanced Productivity and Competitiveness in Zimbabwe.”
The Summit provides a platform for policymakers, industry leaders, and experts to shape a more competitive and business-friendly Zimbabwe.

UPDATE

 

President Mnangagwa commends Carousel Manufacturing for empowering women

Online Reporter

President Mnangagwa has expressed satisfaction with the production taking place at Carousel Manufacturing, commending their move to create employment for women.
The President was speaking after touring the company’s retooled plant, which cost approximately US$1,2 million in investment.
He said such production defines Bulawayo’s status as the country’s industrial hub.
“I am very impressed, I have never been here before, and this is my first visit to this place. I am so impressed that we have such facilities in our country. It is so vast and provides employment, especially to women.
“It shows that when we say Bulawayo is the hub of manufacturing, I now realise it is true as I have never witnessed something this impressive,” said President Mnangagwa

UPDATE

President Mnangagwa has concluded the tour of Carousel manufacturing

UPDATE

President Mnangagwa is satisfied with the production at Carousel which has mostly empowered women.
He says such production defines Bulawayo’s status as the country’s industrial hub.

UPDATE

The president has started touring the company.

 

UPDATE

President Mnangagwa has arrived at Carousel manufacturing where he is will be touring the company’s retooled plant.
Vice President Dr Constantino Chiwenga, Cabinet Ministers among other top Government officials, corporate executives and senior Zanu-PF officials have all graced the event

UPDATE

  IT’S a downpour in Belmont, Bulawayo ahead of President Mnangagwa’s arrival for the tour of Carousel manufactured retooled manufacturing division under Edgars Stores.
Bulawayo Provincial Affairs and Devolution Permanent Secretary Mr Paul Nyoni is among the senior Government officials who are here awaiting the arrival of the President.   

Vice President Dr Constantino Chiwenga has arrived at the company’s premises.

 

UPDATE

President Mnangagwa arrives in Bulawayo ahead of two-day busy itinerary

Sikhumbuzo Moyo, [email protected]

PRESIDENT Mnangagwa has arrived at the Joshua Mqabuko Nkomo International Airport in Bulawayo to kick off a packed two-day programme, culminating in the National Youth Day Commemorations scheduled to take place on Friday at the Zimbabwe International Exhibition Centre.

He was met at the airport by Vice President Constantino Chiwenga, Bulawayo Minister of State for Provincial Affairs and Devolution Judith Ncube, Zanu-PF Bulawayo provincial chairperson, Cde Jabulani Sibanda, among other Cabinet Ministers and service chiefs.

As part of his busy itinerary, the President will today attend the inaugural National Competitiveness Commission (NCC) Competitiveness Summit that kicked off at the ZIEC on Thursday.

He will also tour and commission an Edgars Stores-owned Carousel clothing manufacturing plant.

Tomorrow President Mnangagwa will interact with thousands of youths from across the country in commemorations that will be held in Hall Three and Four.

Hall Three will specifically be for exhibitions where youths from various tertiary institutions will showcase their innovative brilliance while the main celebrations are slated for Hall Four.

The commemorations will run under the theme: ‘Empower Youth, Secure the Future’.

 

                                                UPDATE

Vice President Chiwenga has arrived to receive the Head of State President Mnangagwa at the Joshua Mqabuko Nkomo International Airport.      

                    

                                           UPDATE

President Mnangagwa in two-day visit to Bulawayo

* Tours Carousel manufacturing in Belmont
* Officiates at National Competitiveness Commission’s Summit at the Zimbabwe International Exhibition Centre (ZIEC)
* Presides over National Youth Day Celebrations at the ZIEC (Friday)                                

                                         UPDATE

President Mnangagwa to tour Carousel in Belmont Bulawayo

Online Reporter

PRESIDENT Mnangagwa is today expected to tour Carousel manufacturing in Belmont, Bulawayo where the company invested approximately US$1,2 million in its retooling drive.

Carousel is a manufacturing division of Edgars Stores Limited and its retooling is expected to increase production while creating new jobs.

The retooling of Carousel is expected to increase production volumes the highest of 45 000 per month to 100 000 per month.