Call for local industry empowerment

Busisa Moyo

ZIMBABWE International Trade Fair (ZITF) Chairman Busisa Moyo has called for the promotion of local manufacturing to stop the export of raw materials which is impoverishing the country.

Moyo made the remarks while presenting a paper on Wednesday last week at the Mine Entra conference held at the ZITF grounds in Bulawayo.

The main objective of the conference was to find possible ways to stop job exports. The conference focused on the mining, transportation and engineering sectors to help equip related industries with the information needed for the country to achieve an upper-middle-income economy by 2030.

“We are looking at how we can support the mining industry in terms of contributing to Zimbabwe’s economy and its supporting services which are the engineering and transport sectors. We are happy with this year’s exhibition, it is quite impressive,” said Moyo.

“The named industries have shown a vision to achieve the US$12 billion economy envisioned by President Emmerson Mnangagwa. We are now halfway to reach the target point. We are happy as ZITF to bring people together for them to discuss and share ideas and knowledge to make the president’s vision a reality $2.4 billion is used by mining industry players for extraction purposes, we are considering that the money be used to buy local equipment.

Moyo added that Africa exported raw materials to the whole world, but had nothing to show for it. More than 160 exhibitors attended the Mine Entra exhibition, which was officially opened by Mnangagwa on Wednesday.

  • Follow us on Twitter @NewsDayZimbabwe


Comments are closed.