Zim in increased export drive
Herald Reporter
GOVERNMENT is putting in place export and investment incentives to promote economic growth through driving exports growth, diversification and competitiveness, Finance Minister Professor Mthuli Ncube said.
This comes as the country is implementing the National Development Strategy 1 (NDS1), which seeks among other things to create new and accelerate the domestication of existing value chains to drive both import substitution and export growth through innovative incentive and regulatory frameworks.
“Going forward, as we pursue the ideals of Vision 2030, and the objectives of the NDS1, export growth will play a major role in the economic development of Zimbabwe. Higher exports will earn foreign currency remittances; create higher quality and higher productivity jobs; and lower the current account deficit; hence, improve the overall economic growth of the country. In this regard, the Government is now putting in place incentives to m
Zimbabwean gov t unveils new incentives to boost exports
Xinhua
12 May 2021, 02:05 GMT+10
HARARE, May 11 (Xinhua) The Zimbabwean government, through the central bank, has put in place an incremental export incentive scheme to boost the country s exports. This comes as the country has started implementing the National Development Strategy 2021-2025 which seeks to make exports one of the major drivers of economic development, among other objectives. Going forward, as we pursue the ideals of Vision 2030, and the objectives of the NDS1, export growth will play a major role in the economic development of Zimbabwe. Higher exports will earn foreign currency remittances; create higher quality and higher productivity jobs; and lower the current account deficit, hence improving the country s overall economic growth.
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Africa News: Zimbabwe Maintains 7.4% Growth Forecast on Improved Farm Output
Zimbabwe’s Treasury is sticking to its economic growth estimate of 7.4%, even after the nation’s president said the projection would have to be lowered.
The forecast is achievable after the country had good rains that will boost farm output to the highest in four years, Finance Minister Mthuli Ncube said in an interview Tuesday with Bloomberg Television. The International Monetary Fund expects the economy to grow 3.1% this year, after contracting for the past two.
“Zimbabwe is coming through this recovery phase quite well,” Ncube said. “Mining remains strong. Our infrastructure investment program is also quite strong. There’s really a recovery across the board, except the tourism sector.”
Zimbabwe Retains 7.4% Growth Target on Improved Farm Output
Bloomberg 4 hrs ago
(Bloomberg)
Zimbabwe’s Treasury is sticking to its economic growth estimate of 7.4%, even after the nation’s president said the projection would have to be lowered.
The forecast is achievable after the country had good rains that will boost farm output to the highest in four years, Finance Minister Mthuli Ncube said in an interview Tuesday with Bloomberg Television. The International Monetary Fund expects the economy to grow 3.1% this year, after contracting for the past two.
“Zimbabwe is coming through this recovery phase quite well,” Ncube said. “Mining remains strong. Our infrastructure investment program is also quite strong. There’s really a recovery across the board, except the tourism sector.”