‘Zimbabwe outpacing peers on economic growth’

by | Sep 24, 2021 | Local News | 0 comments

Pretty Manyewe

Zimbabwe has been declared as one of the fastest growing economies in the region by the World Bank Doing Business index.


This was highlighted by the President, Emmerson Mnangagwa during the official opening of the 61st edition of the Zimbabwe International Trade Fair (ZITF) today.


“Zimbabwe has been declared one of the fastest growing economies in the region as well as one of the fastest movers on the World Bank Doing Business Index.


In addition we are pleased that through our collective efforts, the growth projections for 2021 will surpass earlier economic targets,” said the President Mnangagwa.


This year’s ZITF was running under the theme ‘Showcasing the New Normal for Business and Industry: Realities and Opportunities’


Foreign currency earnings which have surpassed over US$5 billion, attest to the fact that our economy has attained a growth rate which was not imaginable especially during a pandemic.


“This shows that our businesses and industries are adapting to the ‘new realities and opportunities’ by developing the export industry, augmenting export volumes and exploiting overseas markets as well as through improving the quality of domestic products,” continued President Mnangagwa.


In spite of the country facing the world Covid-19 pandemic, this year’s ZITF was bigger and better with diverse and high quality exhibitions as well as the space occupancy of more than 90 percent.