Austerity is over:President ED …….focus is now on growth, productivity and job creation

Austerity is over:President ED …….focus is now on growth, productivity and job creation

Austerity is over:President ED …….focus is now on growth, productivity and job creation


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.

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What is ZANU PF? Zimbabwe African National Union- Patriotic Front (Zanu PF) is a total Political, Indigenous Economic Emancipation and a National Liberation Movement Package for Zimbabweans by Zimbabweans prepared to shed their blood in defence of their Sovereignty at all times. Its a liberation movement which thrives on and cherishes National Unity which has created the sound condition of Peace and Security which Zimbabwe has enjoyed and a rare gift many countries dream of. Is driven by its Democratic African Values where the leadership is accountable to the membership which elected it, hence the holding of District Conferences, the Annual People’s Conference and the National People’s Congress. Aims and Objectives To establish and sustain a society that cherishes African Values and to create conditions for economic independence, prosperity and equitable distribution of wealth of the nation. To preserve and defend the National Sovereignty and Independence of Zimbabwe. To Uphold and apply fully the rule of Law, Equality before the law and Equality of opportunities for all people in Zimbabwe, regardless of race, tribe sex, religion or origin. Continue to participate in the worldwide struggle for the complete eradication of imperialism, colonialism and all forms of racism. To support and promote all effects for the attainment of the Pan African goal for the complete independence and unity of African states. To oppose resolutely, tribalism, regionalism and forms of exploitation of man by man.

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