Staff Writer
In a display of accountability and progress, the Government of Zimbabwe, during yesterday’s post-cabinet briefing in Harare, meticulously presented an extensive update on its ongoing developmental projects and financial initiatives that were steering the nation towards robust economic growth and stability.
The briefing, which served as a transparent window into the Government’s dedicated efforts, highlighted significant strides made in various key sectors.
The Ministry of Mines and Mining Development took centre stage, providing a comprehensive report on several transformative projects that are set to yield substantial economic and social benefits.
One of the crown jewels of these endeavours was the DISCO Carbon Steel Plant, a monumental project sprawling across the Mashonaland East and Midlands Provinces. This industrial marvel, expected to be complete by December 2023, is poised to produce a staggering 600,000 tonnes of carbon steel annually, marking a major leap in the nation’s industrial capabilities.
Beyond its industrial significance, the project is a beacon of employment opportunities, with approximately 2,000 jobs set to be created, fostering economic empowerment and community development.
Further demonstrating the Government’s commitment to leverage the mining sector, the Dinson Colliery Coke Oven Battery project was reported to be at 95 percent completion, with its conclusion eagerly anticipated in December 2023.
Additionally, the ZIMASCO High Carbon Ferrochrome Smelter has commenced operations, with Furnace One already operational and employing 87 locals. Furnace 2 has also been commissioned, adding 173 more jobs to the tally; further expansions on the horizon will focus on the commissioning of Furnaces 7 and 8 and the Sintering Plant in late 2023 and early 2024.
Parallelly, the Ministry of Finance, Economic Development, and Investment Promotion provided insights into the Government’s fiscal achievements.
Tax revenues for September soared to ZWL$2.7 trillion, supplemented by ZWL$6.3 billion in non-tax revenues.
In a testament to the Government’s commitment to social welfare, ZWL$867 billion was disbursed towards social protection, exceeding the target by 18 percent.
Significant investments were also channelled towards critical infrastructure projects, including power generation at Hwange 7 and 8, road rehabilitation, dam construction, and enhancements in education, health, housing development, and strategic grain reserves.
Furthermore, the Government proudly showcased its effectiveness through the success of various 100-day cycle projects, reflecting its unwavering commitment to rapid development and progress.
Meanwhile, the Government has reaffirmed its resolve to drive the nation forward, ensuring economic prosperity, job creation, and an improved quality of life for all its citizens.
