President Mnangagwa has revealed that the national Gross Domestic Product (GDP), is now pegged at US$45,7 billion, rising from US$16 billion in 2018.
Speaking during the national heroes acre commemorations at the national shrine, President said, the growth is pleasing.
“The current domestic demand growth is pleasing, while the projected 2025 economic growth of 6 percent is well within reach.
“The capacity of the national fiscus to resource key priority areas such as agriculture, health, education and social protection, as well as infrastructure rehabilitation and development, continues to be enhanced.
“The new land tenure system is going to revolutionise the agricultural sector through enabling farmers to invest in increased production.
“As a result, transformational impacts are expected in the sector, with regards to access to financing, increased productivity, as well as mechanisation and on-farm infrastructure investments.”
The President, said Zimbabwe’s success stories in maize, wheat, and traditional grain production, record levels in tobacco production, along with the rebound growth of the national herd and increased milk production, are testament to the hard work and perseverance of our people.
“We, thus, celebrate farmers and stakeholders in the agriculture sector, who continue to be worthy custodians of the land which our heroes and heroines paid for with their precious blood. “Our heroes would definitely be proud of the positive strides which our farmers are making.
“Tinokutendai varimi, nemhuri yose yeZimbabwe, nekuchengetedza nhaka yedu yakarwirwa nemagamba edu, vatiri kuyeuka zuva ranhasi.
“On the backdrop of the prevailing macroeconomic stability and the bumper harvest, our agro-industries are on a rebound.
“Similarly, localisation of value chains and on-going beneficiation thrust is resulting in the exponential growth of the manufacturing sector, which now contributes 15 percent to GDP.
“The Zimbabwe Industrial Reconstruction and Growth Plan, as well as the Local Content Strategy adopted by Government, provide opportunities for further value addition, employment creation and export growth.
“New investments and expansion projects across the manufacturing sector are benefiting from the stable and conducive business operating environment.
“These have been in iron and steel, cement production, and food processing, among others.
“The mining sector continues to be a key cog in the national economic development, contributing over 13.3 percent to Gross Domestic Product and employing millions of Zimbabweans.
“As a nation richly endowed with mineral resources, we are determined to ensure that these translate into economic benefits for all citizens and empowerment of host communities.
This should be complemented by responsible mining, full compliance with environmental and labour laws, as well as our cultural norms and values.
“The drive towards self-sufficiency in the energy sector, is receiving a boost from the power generation and supply matrix complemented by Independent Power Producers, specifically targeting renewables.
“I applaud independent power producers and private players for installing industry-level solar power units, which have remarkably improved combined capacity generation.
“Modern and efficient transport infrastructure is a critical enabler for the smooth movement of goods and people.
“To this end, the modernisation, rehabilitation and upgrading of national roads, airports and ports of entry are ongoing.”
He also applauded tremendous progress has been achieved on the Harare-Masvingo-Beitbridge Highway, including the opening to traffic of the iconic Trabablas Interchange, while construction works at the Mabvuku-Tafara Interchange and Christmas Pass by-pass have also commenced.
“The upgrading and rehabilitation of BulawayoVictoria Falls Road, Karoi-Binga Road, NkayiBulawayo Road, Arcturus Road, NgungubaneMataga Road, as well as other strategic rural and urban roads, have begun in earnest.
“Fellow Zimbabweans; Our heroes and heroines, bequeathed to us a rich heritage of inclusive and equitable growth.
“In promoting a new work culture anchored on results, Government continues to utilise modern approaches to accelerate the implementation of high-impact and people-centred projects.
“A detailed national compendium, of all projects completed by the Second Republic has been published, and is available in all languages, including braille, audio and video formats.
“Evidence of the Second Republic’s high impact projects is there for all to see.
“Devolution and Decentralisation programmes implemented by my Government are leaving no one and no place behind.
“Additional resources will be availed to augment efforts by Local Authorities to deliver quality services and high impact projects and programmes to the people of our country.
“A comprehensive health delivery strategy is being implemented to overhaul the sector and address the burden of Non-Communicable Diseases.
“Increased domestic funding for the sector will further equip our hospitals and clinics so that vital health services remain accessible and affordable to all.”
