President Mnangagwa Calls for Modernization, Reshaping, and Growth at CEO Africa Roundtable

by | Jun 14, 2024 | Business, Crime & Courts, International, Local News, Politics | 0 comments

President Mnangagwa Calls for Modernization, Reshaping, and Growth at CEO Africa Roundtable

Nevanji Munyaradzi Chiondegwa

Victoria Falls, Zimbabwe – His Excellency, President Dr. E.D. Mnangagwa, addressed the 10th CEO Africa Roundtable in Victoria Falls, Zimbabwe, urging African businesses to embrace modernization, reshaping, and growth. The event, themed “The Future of Africa: Modernise, Reshape and Grow,” brought together business leaders from across the continent to discuss strategies for driving economic development and prosperity.

In his remarks, President Mnangagwa emphasized the importance of innovation and technology in transforming the African economy. He highlighted the need for businesses to adapt to the changing global marketplace and leverage the opportunities presented by the Fourth Industrial Revolution. He also called for increased financial inclusion and investment in key sectors such as commerce, manufacturing, mining, agriculture, and tourism.

The President acknowledged the government’s efforts to improve the ease of doing business in Zimbabwe and promote regional integration through initiatives like the African Continental Free Trade Area (AfCFTA). He encouraged businesses to take advantage of the vast opportunities presented by the AfCFTA, which represents a market of over 1.3 billion people and a combined GDP of over US$3 trillion.

President Mnangagwa also stressed the need for businesses to be mindful of the impacts of climate change and adopt sustainable practices. He noted that Zimbabwe has developed a National Climate Change Response Strategy to address the challenges posed by climate change.

The President concluded his remarks by urging businesses to embrace a vision of sustainable growth that prioritizes long-term value creation and shared prosperity. He expressed his hope that the deliberations at the CEO Africa Roundtable would help shape the trajectory of African economies and improve the lives of millions of people.

Key takeaways from the President’s address:

* Modernization, reshaping, and growth are crucial for Africa’s future.
* Innovation and technology are key enablers for economic transformation.
* Businesses need to adapt to the changing global marketplace.
* The AfCFTA presents vast opportunities for African businesses.
* Sustainability and climate change mitigation are essential considerations.

The CEO Africa Roundtable is an annual event that provides a platform for business leaders to discuss and shape the future of Africa’s economy. This year’s event focused on the theme of modernization, reshaping, and growth, reflecting the continent’s aspirations for innovation and development.