THE government has announced its commitment to implementing effective policy interventions to support local industries in a bid to create a fair business environment for all sectors, with a particular focus on small and medium enterprises (SMEs).
Speaking at a strategic planning workshop that reviewed past achievements and challenges, Industry and Commerce minister, Mangaliso Ndlovu, highlighted the government’s plans to streamline regulations and improve access to resources for businesses.
“We must implement effective policy interventions that support our industries. We remain resolutely committed to the creation of a level playing field for all business players,” Ndlovu stated.
SMEs play a pivotal role in Zimbabwe’s economy, representing a large portion of non-agricultural businesses, providing substantial employment, and contributing to both domestic and export earnings.
Acknowledging this, Ndlovu emphasised the importance of fostering collaboration between the public and private sectors to advance the country’s industrial landscape.
“Together, we can drive innovation, improve infrastructure, and enhance service delivery. The government can never deliver GDP growth. That is the private sector’s responsibility, and the government remains committed to providing the requisite conducive environment for business to thrive,” he said.
Turning to the challenges facing the nation, Ndlovu called for a proactive approach.
“Headwinds have forced us to adapt and re-evaluate certain aspects of our plan. We are more determined to confront issues head-on. We are more aligned than ever with our strategic priorities,” he added.
Looking ahead, Ndlovu announced that in 2025 the government would focus on enhancing value chains in agriculture and mining. This initiative will include policies designed to boost innovation, attract investment, and encourage collaboration among key stakeholders, particularly in emerging sectors like lithium.
The minister also underscored the need for local industries to prepare for increased competition arising from Zimbabwe’s involvement in the African Continental Free Trade Area (AfCFTA), which is set to open up new opportunities and challenges.
“As Africa is now entering into the implementation of the AfCFTA trade protocol, as a ministry, we should ensure that industry is prepared for the extra competition that this will bring,” he noted.
“Industry should also be in a position to ensure that Zimbabwean products are competitive in the continent, thus bringing in the much-needed foreign currency,” Ndlovu concluded.
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