Manufacturing sector must build on successes of the Second Republic – President Mnangagwa

by | May 15, 2021 | Business, Local News, Politics | 0 comments

Brian Rungano Temba

President Emmerson Mnangagwa today encouraged the manufacturing sector to take advantage of the fruits from his government’s successful in policy implementation.

The second republic has seen capacity utilisation grow by 11 percent to 47 percent and almost half of products on supermarket shelves are now locally made.

Touring Tregers Group of Companies in Bulawayo, President Mnangagwa said his government is committed to facilitating accelerated economic development along the industry value chain as envisaged in National Development Strategy – 1 and attainment of Vision 2030.

“The headways being achieved through the engagement and re-engagement policy are pointers of a paradigm shift in relation to the attraction of global capital investments and partnerships in both green and brown fields.

Manufacturing sector, must therefore harness these successes to recapitalize, retool and modernize their entities,” said President Mnangagwa.
He encouraged Tregers to expand volumes of trade into SADC and seek to spread its footprint in the emerging markets presented in the African Continental Free Trade Areas (AfCFTA).

President Mnangagwa also acknowledged the contribution of the local and diaspora based investment in local industry.

“Local investors and our diaspora community to continue working together towards pursing the objectives of the mantra ‘Zimbabwe is Open for Business’.
“The weighty and yet achievable responsibility of building a prosperous, united and peaceful nation is our together,” said President Mnangagwa.

The visit by the President to Tregers and other companies in Bulawayo is expected to kick start dialogue between local captains of industry in preparations for the upcoming Zimbabwe International Trade Fair which are scheduled for July 2021 under the theme ‘Showcasing the New Normal of Business and Industry, Realities and Opportunities’.

Minister of State and Devolution for Bulawayo Metropolitan Province Hon Judith Ncube said the group has created employment and import substitution bringing the goals of government under the NDS-1 into fruition.

Tregers Group of Companies is active in the green economy initiative, through recycling scrap plastics into usable products and manufacturing solar geysers.

Since 2010 the group has reinvented itself from mechanical to robotics operated production, a great step from when it was established in 1911.

Tregers is now in its fourth generation and remains committed to doing good and environmentally friendly methods.

“Ministry of industry and Commerce in the province has been working on the rebate process of the industries in Bulawayo Province.
“At Bulawayo Metal Founders the company is in its early stages of modernization. Kango is also working on automated robotics,” said Hon Ncube.