Farirai Machivenyika
Senior Reporter
THE Ministry of Industry and Commerce will continue to pursue policies that promote industrialisation, investment promotion, economic empowerment, commerce and consumer protection, Permanent Secretary in the ministry, Ambassador Tadeous Chifamba, has said.
Ambassador Chifamba said this when he appeared before the Parliamentary Portfolio Committee on Industry and Commerce to update them on their 2027 national budget bids.
“To fully execute our planned programmes and capital projects, the ministry’s ideal budget requirement amounts to ZiG 2 181 978 757,” he said.
“However, we have been allocated a Treasury ceiling of ZiG 600 245 000, which translates to just 28 percent of our ideal operational budget.
“Faced with this substantial funding gap, we have prioritised high-impact interventions that will yield the maximum economic return for every local unit spent.
“This budget proposal is therefore not merely a set of figures but a resilient strategic blueprint anchored on four core pillars of industrialisation, investment promotion, economic empowerment and commerce and consumer protection.”
He called on the committee to lobby Treasury on their behalf for increased resource allocation.
“While this constrained budget will not allow us to execute every initiative we had envisioned, we are fully committed to ensuring that every single dollar, ZiG allocated, is a highly disciplined investment into our nation’s economic future,” Ambassador Chifamba said.
