President Mnangagwa yesterday, 4th September 2018, promised a cocktail of economic reforms to improve the investment climate and enhance policy clarity, consistency and predictability. In his address at the 2018 Summit of the Forum on China-Africa Cooperation (FOCAC) in Beijing, China, he stated his administration would accelerate industrialization, modernization and mechanization of the economy. He posited that this would ensure Zimbabwe becomes a middle-income economy with a per capita income of $3 500, increase investment, decent jobs, broad-based empowerment, free from poverty and corruption by 2030.
President Mnangagwa said China remained Africa’s number one investment and trade partner and welcomed the continued funding of FOCAC projects, noting it amplifies the rise of a diversified African economy in line with the African Continental Free Trade Area.
“My Government is also undertaking comprehensive economic reforms set to improve our investment climate and enhance policy clarity, consistency and predictability.”
President Mnangagwa applauded FOCAC for prioritizing economic dialogue hinged on mutual respect.
“It is commendable that FOCAC continues to prioritize economic dialogue founded on peaceful development, mutual respect, friendship, common prosperity and inclusive international development.”
“I am delighted to join China and my colleagues as we deliberate on ways to scale up cooperation under the Summit theme, ‘China and Africa: Towards an even stronger community with a shared future through win-win cooperation’.
“As Zimbabwe, we attach great value to strengthening FOCAC mechanisms to leapfrog the collective development of nations on the African continent.”