Latest News Editor's Choice

News / National

Zimbabwe will be among Africa's best six economies in two years

by Staff reporter
25 Sep 2018 at 08:47hrs | Views
FINANCE and Economic Development Minister Prof Mthuli Ncube has said that Zimbabwe will join Africa's top six fastest growing economies in the next 24 months.

He was addressing delegates at Zimbabwe Investors Forum held on the side-lines of the ongoing United Nations 73rd General Assembly in New York.  

"Zimbabwe will be joining the group of six countries which have the fastest growing economies with a growth rate of six percent per annum which comprise Rwanda, Ghana, Tanzania and Ivory Coast," said Prof Ncube.

"We have a policy direction in terms of our visions. President Emmerson Mnangagwa has launched vision 2030 which will drive the country to a middle-income economy with an income per capita of $3,500 by year 2030 through the pillars of stronger governance transparency, macro stability, inclusive growth infrastructure investment and social development."

Minister Ncube also revealed that president Mnangagwa will launch the Transitional Stabilisation Program within the next four weeks which will drill down the work plan.

He underscored that the programme's key pillars are macro policy, institutional arrangement, growth of the services sector and developing human capital.

"Let me remind those of you who may not know anything much about Zimbabwe, the country has an excellent human capital base with a high literacy rate, abundance of natural resources, minerals, good infrastructure, access to power water and sanitation and is favourably located in Southern Africa," Ncube said.

He noted that government was working on reforms by pursuing a debt relief strategy so that "we catch up with our arrears which will allow us to unlock the flow of capital from the rest of the world".

Source - newzimbabwe