Chronicle EditorRutendo Nyeve, Sunday News Reporter
IN a bid to accelerate Zimbabwe’s economic transformation, the Ministry of Industry and Commerce has reaffirmed its dedication to implementing President Mnangagwa’s directive to enhance the ease of doing business, emphasising the pivotal role of competitiveness in driving sustainable economic growth.
Speaking at the official opening of the National Competitiveness Commission’s (NCC) Inaugural Competitiveness Summit at the Zimbabwe International Exhibition Centre, Minister of Industry and Commerce Mangaliso Ndlovu outlined the Government’s commitment to fostering a competitive and business-friendly environment.
Minister Ndlovu stressed that competitiveness remains a cornerstone for achieving national growth and long-term sustainability.
“Competitiveness is a key driver of sustainable economic growth. Zimbabwe’s efforts to achieve Vision 2030 of becoming a prosperous, empowered upper-middle-income society hinge on creating a conducive business environment,” said Minister Ndlovu.
Minister Ndlovu praised President Mnangagwa’s unwavering support for economic transformation, industrial growth, and private sector development, noting that the President’s leadership has been instrumental in inspiring national efforts to position Zimbabwe as a globally competitive economy.
“The President’s dedication to economic prosperity, sustainable industrialisation, and private sector development aligns with our collective vision of transforming Zimbabwe into a globally competitive economy,” said Minister Ndlovu.
The summit comes just a week after President Mnangagwa issued a directive to his ministers to address the challenges faced by businesses due to bureaucratic red tape, exorbitant fees, and over-regulation.
In his speech, Minister Ndlovu reiterated the President’s call for a streamlined business environment, emphasising the need to remove barriers that hinder both local and foreign investments.
“To enhance the overall performance of our economy, the ease of doing business continues to be an important aspect of our programming,” Ndlovu stated, quoting the President.
“Concerted efforts must be made to revisit all areas that hinder the start and growth of investments. Businesses should not suffer from limited regulations, punitive administrative licenses, or excessive fees. These measures should instead promote economic development and improve the livelihoods of our people.”
Bongani Ndlovu
Online Reporter