Mnangagwa Readies for Economic Reforms

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President Mnangagwa yesterday pledged a cocktail of economic reforms to improve the investment climate and enhance policy clarity, consistency and predictability.

In his address at the 2018 Summit of the Forum on China-Africa Cooperation (FOCAC) in Beijing, China, the President said his administration would accelerate industrialisation, modernisation and mechanisation of the economy.

He said this would ensure Zimbabwe becomes a middle-income economy with a per capita income of $3 500, increase investment, decent jobs, broad-based empowerment, free from poverty and corruption by 2030.

President Mnangagwa said China remained Africa’s number one investment and trade partner and welcomed the continued funding of FOCAC projects, noting it amplifies the rise of a diversified African economy in line with the African Continental Free Trade Area.

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“Zimbabwe remains determined to play its part in the realisation of enhanced connectivity, integration and inclusive development,” he said.

“My Government is also undertaking comprehensive economic reforms set to improve our investment climate and enhance policy clarity, consistency and predictability.” AllAfrica

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