By Ndafadza Madanha - ZANU PF Information Department
PRESIDENT Emmerson Mnangagwa says austerity is now over and his administration is now focused on driving growth, productivity and job creation.
According to President Mnangagwa, the upcoming budget statement will outline how the country transitions from austerity to growth, with the ultimate objective of achieving upper middle income status by 2030.
Speaking at the Economic Development and Financial Indaba in the capital today, President Mnangagwa underscored the need for acceleration of policies that promote ease of doing business to attract global and local investment.
The President said in order to achieve sustainable development the country must stimulate growth in the areas of agriculture, mining and tourism.
In mining, President Mnangagwa said Government was determined to ensure the sector quadruples to a US$12 billion industry by 2023 as this will have positive spinoffs to other sectors of the economy in particular manufacturing.
Turning to the agriculture sector President Mnangagwa said financial institutions were now funding the sector which bodes well for increased productivity.
The President implored farmers to take advantage of the 2019-20 Metrological Department forecast and strive to ensure that 20 percent of their produce is for export.
He challenged the local industry to take advantage of the Africa Free Trade Area which has a combined GDP of US$1.5 trillion and export goods that are in demand.
President Mnangagwa said government was well aware of the power challenges affecting industry however, projects to alleviate the situation are on track.