Second Republic ease of doing business policy pays off – Min Nyoni

Staff Reporter

Minister of Industry and Commerce, Dr Sithembiso Nyoni has described the participation of regional and international players at this year’s 9th CEOs Roundtable being held in the resort town of Victoria Falls, as an attestation to the confidence that the business community has in the environment for trade and investment prevailing in the country under the Second Republic.

The conference is being held under the theme “Towards African Renaissance: Prospering through Smart Partnerships,” which Minister Nyoni said resonated with the Government’s Vision 2030 which seeks to attain an upper middle income economy by the year 2030.

President Mnangagwa is tomorrow expected to give a key note address to mark the official opening of the Conference.

“Let me also warmly welcome all delegates from within the region and beyond, who have graced this important event. Your participation attests to the confidence that the business community has in the environment for trade and investment prevailing in our country, under the Second Republic.

“The theme of this 9th CEOs Roundtable “Towards African Renaissance: Prospering through Smart Partnerships” resonates with my Government’s Vision 2030 which seeks to achieve an Empowered and Prosperous Upper Middle-Income Society by 2030,” Minister Nyoni said.

She added: “This is guided by interventions espoused through the National Development Strategy 1 (NDS1) and its complementary blueprints under my ministry such as the Zimbabwe National Industrial Development Policy (ZNIDP) which is currently under review.

“This ZNIDP’s overall objective is to increase manufacturing sector growth by 2% per annum, produce quality goods and services, increase investment in the manufacturing sector, and grow manufacturing sector exports by 10% per annum,” she said.

Minister Nyoni further said business engagements such as the CEOs Roundtable play a pivotal role in creating synergies towards trade and investment promotion.

“Business platforms such as this one, help to explore and cement synergies that promote trade and investment. It is important to note that as a Government, the approach has been and continue to be one of private sector-led growth, which then calls for embracing the inherent power of smart partnerships.

“It is in this regard that the Government continues to enhance the business environment, promote investment and negotiate better market access and key partnerships with our stakeholders across all sectors of the economy,” she said.