Online Reporter
Nqobile Bhebhe, Zimpapers Business Hub
Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, has called for the adoption of a 24-hour economy, citing increased electricity availability during off-peak hours as a key opportunity to enhance national productivity.
Speaking during a panel discussion at the ongoing Zimbabwe Economic Development Conference (ZEDCON) in Bulawayo, Professor Ncube noted the inefficiencies of the current working culture and challenged the nation to rethink its approach to economic activity.
“But also, I think we have an eight-hour economy, don’t we? By 4.30pm, we are all going home,” he said.
“We arrive at the office at 8am, take a two-hour lunch break. By 4.30pm, we are going home.”
The Minister noted that significant amounts of electricity go unused during the night, presenting an opportunity for expanded production and service delivery.
“We need a 24-hour economy. Overnight, there is more electricity because the households are sleeping, so it’s actually more electricity,” he said.
He urged stakeholders to consider models adopted by other countries that have successfully implemented round-the-clock economic activity.
“So again, we need to be certain to have a 24-hour economy. Other countries that are doing this, why not us?” Professor Ncube said.
The proposal comes amid ongoing efforts to stimulate economic growth and increase investment through innovation and structural reform.
