Economic growth shames detractors – President Mnangagwa

by | Aug 27, 2021 | Business | 0 comments


Hosia Mviringi


President Emmerson Mnangagwa has assured Zimbabweans that the economic growth being witnessed will be sustained for many years to come.

He said the country will continue to grow in leaps and bounds, despite the illegal sanctions imposed by our enemies.

President Mnangagwa made these remarks at the launch of the landmark Zimplats Community Empowerment Scheme.


The scheme is composed of beef cattle ranch and a dairy parlour.


“Those who imposed sanctions are disappointed, that our Zimbabwe today is rising. We are rising, the economy is recovering. Our institutions are growing, they are strengthening and our democracy is taking root, so they are disappointed,” said President Mnangagwa.


President Mnangagwa saluted Zimbabweans for remaining united while focusing on those things that the country is endowed with instead of mourning over what the outside world has not done for us.


“Our Finance Minister Professor Mthuli Ncube has informed me that this year alone, our economy is expected to grow at a remarkable 7.8 per cent, making it the fastest-growing economy on the continent, all this despite the sanctions,” said President Mnangagwa.


“This is so because we have refused to be swayed, and remained united and focused on those resources that we have which we are using to develop our country. And today we are witnessing this launch. That is development. That does not speak of poverty,” said the President.


Zimplats has embarked on a community empowerment program which has seen the company today launched an ambitious program that seeks to empower the local community through beef and milk production.


Running under the theme, “Creating shared value between mining and agriculture”, Zimplats has invested into a value chain that the community and the nation at large can feel. The company, in partnership with Palmline holdings, has invested in one of the largest ranches in the country in order to augment national beef and milk supply.


Based on a herd of 1200 milking cows targeted production from the Dairy Parlour is 19000-22000 litres of milk per day or 7.66 million litres of milk per year, contributing an estimated 30 per cent of national milk requirements towards closing the current national milk supply gap.


President Mnangagwa has been busy for the better part of the year commissioning various economic projects across the country, most of which are geared towards import substitution and export generation.


Only last week, he was in Mutare where he commissioned the Mutare Oxygen plant which will see the country becoming a net exporter of medical oxygen into the region.


The Zimplats and Palmline Cattle ranching joint venture has seen the Mashonaland West Province recording an expansion of its Provincial GDP, which is squarely in line with and feeding into the National Development Strategy 2 and Vision 2030 of a Prosperous and Inclusive Upper Middle-Income economy.