Chronicle Editor
Patrick Chitumba
KWEKWE, Zimbabwe – President Emmerson Mnangagwa has said the Iron and Steel Industry is a cornerstone of Zimbabwe’s economic revival.
He said the iron and steel industry has great potential to transform Zimbabwe’s economy.
President Mnangagwa was speaking to a gathering of industry leaders and policymakers at the Iron and Steel Indaba in kwekwe this morning.
The President described the sector as “the cornerstone” for sustainable growth, highlighting the nation’s current status as the largest importer of steel products, spending over $1 billion annually.
President Mnangagwa criticised the illegal sanctions that led to the closure of Zisco Steel, which he said severely impacted steel supplies in the country.
He pointed to the recent arrival of Dinson Holding Company in Manhize as a transformative opportunity for the local industry, positioning it to become one of the largest steel producers in Sub-Saharan Africa.
“This investment is a testament to the confidence in Zimbabwe’s potential,” President Mnangagwa said, urging stakeholders to harness the nation’s abundant natural resources for economic betterment.
He called for a collective effort to rebuild the industry “brick upon brick and stone upon stone,” advocating for a robust investment strategy as part of the Vision 2030 initiative aimed at industrialising Zimbabwe.
The President’s remarks reflect a renewed determination to revitalise local production capabilities and reduce reliance on imports, marking a significant shift in Zimbabwe’s economic strategy.
Online Reporter