NEW: Zim develops new industrial policy

Online Reporter

ZIMBABWE has commenced the process of developing the Industrial Development Policy (2024-2030), Industry and Commerce Permanent Secretary Dr Mavis Sibanda has said.

She said this at a stakeholder validation workshop on the draft Zimbabwe Industrial Development Policy (2024-2030).

“The draft Zimbabwe National Industrial Development Policy (2024-2030) seeks to build upon the achievements gained to date and address persistent challenges in order to unlock new avenues for the growth and development of the manufacturing sector going forward,” said Dr Sibanda.

“The successor policy is premised upon the deliberate decision taken by the Government to open the country for business, modernise, industrialise and promote investment, with the ultimate goal of attaining broad-based economic empowerment, inclusive economic growth and employment creation.”

The National Industrial Development Policy (2024-2030) will succeed the current industrial blueprint, which runs up to December 2023.

Said United Nations (UN) Resident and Humanitarian Coordinator for Zimbabwe Mr Edward Kallon:

“Allow me to applaud the Zimbabwean Government for having taken this timely initiative to review the implementation of the national industrial policy as well as develop a successor policy informed by experiences during the last five years, as well as by regional and international developments.

“It is also a key component of the country’s National Development Strategy 1, which aims to transform Zimbabwe into an upper-middle-income country by 2030.

 

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