Zimbabwe will be among Africa's best six economies in two years

Zimbabwe will be among Africa's best six economies in two years
Published: 25 September 2018 (224 Views)
FINANCE and Economic Development Minister Prof Mthuli Ncube has said that Zimbabwe will join Africa's top six fastest growing economies in the next 24 months.

He was addressing delegates at Zimbabwe Investors Forum held on the side-lines of the ongoing United Nations 73rd General Assembly in New York.  

"Zimbabwe will be joining the group of six countries which have the fastest growing economies with a growth rate of six percent per annum which comprise Rwanda, Ghana, Tanzania and Ivory Coast," said Prof Ncube.

"We have a policy direction in terms of our visions. President Emmerson Mnangagwa has launched vision 2030 which will drive the country to a middle-income economy with an income per capita of $3,500 by year 2030 through the pillars of stronger governance transparency, macro stability, inclusive growth infrastructure investment and social development."

Minister Ncube also revealed that president Mnangagwa will launch the Transitional Stabilisation Program within the next four weeks which will drill down the work plan.

He underscored that the programme's key pillars are macro policy, institutional arrangement, growth of the services sector and developing human capital.

"Let me remind those of you who may not know anything much about Zimbabwe, the country has an excellent human capital base with a high literacy rate, abundance of natural resources, minerals, good infrastructure, access to power water and sanitation and is favourably located in Southern Africa," Ncube said.

He noted that government was working on reforms by pursuing a debt relief strategy so that "we catch up with our arrears which will allow us to unlock the flow of capital from the rest of the world".

- newzimbabwe

 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Price controls, tinkering with the deck while the titanic is sinking

by Jacob Mafume, MDC National Spokesperson | 19 October 2018 | 181 Views

Man nearly killed over cooking oil

by Simbarashe Sithole | 19 October 2018 | 171 Views

Mnangagwa closing in on unscrupulous businesspeople

by Staff reporter | 19 October 2018 | 185 Views

Prophet sells congregant's vehicle

by Staff reporter | 19 October 2018 | 150 Views

Zanu-PF's Dexter Nduna confirmed Chegutu West MP

by Staff reporter | 19 October 2018 | 108 Views

Mnangagwa caps 1719 graduands

by Staff reporter | 19 October 2018 | 82 Views

ZCTU calls for resignation of Minister Gumbo

by Stephen Jakes | 19 October 2018 | 236 Views

Mnangagwa has to deliver and, urgently too

by Staff reporter | 19 October 2018 | 241 Views

Zanu-PF dictatorship, ideological dominance

by Vivid Gwede | 19 October 2018 | 162 Views

ZCTU, why spare Bulawayo council over rates hike

by Conway Tutani | 19 October 2018 | 147 Views

Motlanthe Commission risks playing into Zanu-PF agenda

by Staff reporter | 19 October 2018 | 199 Views

Councils challenged to generate own income

by Staff reporter | 19 October 2018 | 130 Views

Zimbabwe gender parity misses 50% mark, says Mohadi

by Staff reporter | 19 October 2018 | 97 Views

Zanu-PF official, sangoma jailed over pangolin scales

by Staff reporter | 19 October 2018 | 156 Views

Mliswa mocks Gender Commission

by Staff reporter | 19 October 2018 | 140 Views

Police harass senior Masvingo journalist

by Stephen Jakes | 19 October 2018 | 123 Views

Zimbabwe gold exports decline by 21%

by Staff reporter | 19 October 2018 | 145 Views

Zimbabwe drops in World Economic Forum rankings

by Staff reporter | 19 October 2018 | 158 Views

Village Inn exonerates Supa Mandiwanzira

by Staff reporter | 19 October 2018 | 118 Views

Zimbabwe army killings probe hots up

by Staff reporter | 19 October 2018 | 144 Views

Mthuli Ncube's 2% tax sparks confusion

by Staff reporter | 19 October 2018 | 123 Views

'ConCourt ruling to open floodgates of demos'

by Staff reporter | 19 October 2018 | 117 Views

'Zimbabwe diesel demand strikingly increasing'

by Staff reporter | 19 October 2018 | 101 Views

Tsvangirai estate sued

by Staff reporter | 19 October 2018 | 115 Views

Drug shortages hit Bulawayo hospitals

by Staff reporter | 19 October 2018 | 92 Views

Beitbridge outlines modernisation plan

by Staff reporter | 19 October 2018 | 87 Views

Wicknell Chivayo applies for discharge

by Staff reporter | 19 October 2018 | 69 Views

'Mangudya deserves our support'

by Staff reporter | 19 October 2018 | 59 Views

Zim man to stand trial in another twitter-related arrest

by Stephe Jakes | 19 October 2018 | 73 Views

Chamisa seeing ghosts, says army

by Staff reporter | 19 October 2018 | 202 Views

Deputy Minister demand evidence on $15 billion externalization

by Stephen Jakes | 19 October 2018 | 104 Views

Military working with police in law maintenance - Matemadanda

by Stephen Jakes | 19 October 2018 | 108 Views

Deputy minister Madiro encourages people to report incest cases

by Stephen Jakes | 19 October 2018 | 78 Views

Professor Manyureke under attack over her questions

by Sithabile Mafu | 19 October 2018 | 112 Views

Komichi demands V11 forms from ZEC

by Staff reporter | 19 October 2018 | 233 Views

Pupil misses exam after teacher's lashing

by Staff reporter | 19 October 2018 | 158 Views