Zimbabwe: Govt to Support Value Chains for Fast Industrial Development

ZIMBABWE has made a commitment to prioritise crafting of policies that drive value chain processes across all economic sectors in order to increase momentum to the ongoing national industrialisation efforts.
This came out at a two-day workshop held recently that was supported by the Sub-Regional Office (SRO) for Southern Africa’s (SA) United Nations Economic Commission for Africa (ECA) for Zimbabwean experts to develop an Action Plan on alignment and harmonisation of regional and national frameworks on industrialisation in Zimbabwe.
According to a joint statement by Zimbabwe’s Ministry of Industry and Commerce and ECA, the action plan is being developed as part of support under the United Nations’ 12th tranche project, which is aimed at accelerating industrial development and economic integration in Southern Africa by enhancing the capacity of regional member states to develop and implement harmonised natural-resource based industrialisation policies, frameworks and strategies.
To anchor the development of action plans and the support to member States, SRO-SA commissioned an analytical study on alignment and harmonisation of regional and national frameworks on Industrialisation, and national domestication of regional strategies and policies to support industrial development in Southern Africa, focusing on Malawi, Zambia and Zimbabwe.
Dayford Nhema, director – industry development, in the Ministry of Industry and Commerce, at the meeting underlined the need to revive the manufacturing sector in Zimbabwe. “Manufacturing used to be the leading sector in the economy in terms of contribution to GDP, formal employment and foreign exchange earnings through exports, but has declined in recent years,” he said.
Get the latest in African news delivered straight to your inbox
By submitting above, you agree to our privacy policy.
Almost finished…
We need to confirm your email address.
To complete the process, please follow the instructions in the email we just sent you.
There was a problem processing your submission. Please try again later.
He noted that the Zimbabwe development agenda was guided by the National Development Strategy (2021-2025) whose key priorities include, “the development and strengthening of value chains and structural transformation and complimented by the country’s National Industrial Development Policy.
ECA sub-regional office for Southern Africa officer in charge and chief of sub-regional initiatives section, Isatou Gaye said the existence of Southern African Development Community (SADC) and the Common Market for Eastern and Southern Africa (COMESA) industrialisation strategies would anchor industrial growth and diversification in the sub-region and is important for supporting regional development.
She added that, “both RECs have prioritized industrialization as a precursor to enhanced, diversified and transformed economies”.
Oliver Maponga, ECA economic affairs officer said the workshop’s objectives were to finalise and prioritise the recommendations of the study and develop an implementation plan with specific deliverables and nominated champions.
The group work, facilitated by Professor Albert Makochekanwa, deliberated on five thematic areas in proposing a draft implementation plan with the broader plans being the partial implementation of reviewed Industrialisation Oriented Policies and Strategies (IOPSs) and other supportive policy and legal frameworks.
Others include limited information on value chains and the need to cooperate with key stakeholder and the need to carry out awareness rising and address infrastructural, institutional and financial constraints to add value and develop value chains, has resulted in weak cooperation among all key stakeholders.
Read the original article on The Herald.
AllAfrica publishes around 700 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.
Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.
AllAfrica is a voice of, by and about Africa – aggregating, producing and distributing 700 news and information items daily from over 100 African news organizations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Abuja, Johannesburg, Nairobi and Washington DC.
Get the latest in African news delivered straight to your inbox
By submitting above, you agree to our privacy policy.
Almost finished…
We need to confirm your email address.
To complete the process, please follow the instructions in the email we just sent you.
There was a problem processing your submission. Please try again later.

source

admin

Leave a Reply

Your email address will not be published. Required fields are marked *

  ⁄  seven  =  one

Next Post

Punjab Chief Minister Spends Night At Gurdwara Where He Stayed In 2016

Fri Nov 26 , 2021
Charanjit Singh Channi reached the gurdwara at 6.40 pm and paid obeisance there. (File)In an attempt to relive his old days, Punjab Chief Minister Charanjit Singh Channi is spending the Thursday night at the same gurdwara where he had stayed during a cycle yatra in 2016.The Punjab Chief Minister’s office […]