Online Reporter
Harmony Agere
PRESIDENT Mnangagwa has called on local and international investors to take advantage of Zimbabwe’s improving economic environment, saying the country is now enjoying stability and sustained growth driven by Government reforms and industrial expansion.
Speaking at the official commissioning of a new snacks manufacturing plant at Varun Beverages this morning, President Mnangagwa said Zimbabwe was open for business and ready to attract investment across key productive sectors of the economy.
He said the Second Republic had created a conducive operating environment anchored on sound macro-economic policies, infrastructure development and industrialisation.
“The prevailing economic stability and sustained growth in our economy should encourage both local and foreign investors to scale up operations and explore new opportunities in Zimbabwe,” said President Mnangagwa.
“The commissioning of this snacks manufacturing plant is testimony that our policies are bearing fruit and that confidence in the economy continues to grow.”
The President said the manufacturing sector remained critical to Zimbabwe’s economic transformation agenda, adding that increased industrial activity would create employment opportunities and improve livelihoods.
He commended Varun Beverages for contributing to value addition and beneficiation, while strengthening the country’s food processing industry.
President Mnangagwa said Government would continue implementing investor-friendly policies aimed at boosting productivity and competitiveness.
“Our vision is to build a modern, industrialised and prosperous upper-middle-income economy by 2030,” he said.
“Investments such as this one are important milestones towards the attainment of that national vision.”
The President also urged businesses to embrace innovation, modern technologies and efficient production systems in order to remain competitive in regional and international markets.
He noted that Zimbabwe’s economic trajectory was now characterised by resilience and expanding opportunities across various sectors, including manufacturing, mining, agriculture and infrastructure development.
President Mnangagwa said the private sector remained a key partner in national development and economic growth.
He reaffirmed the Government’s commitment to supporting industry through policy consistency, engagement and reforms designed to improve the ease of doing business.
The commissioning ceremony was attended by senior Government officials, business leaders and industry stakeholders, who hailed the investment as a positive development for Zimbabwe’s manufacturing sector.
The new plant is expected to enhance local production capacity, create jobs and contribute to economic growth through increased industrial output.
