DSE News Network Zim-SA Correspondent
News on the DSE News Network is that the Zim-SA Business Chamber has signed a memorandum of understanding with the Zimbabwe Ministry Industry and Commerce to push ahead with connecting cross-border business and investors to opportunities, and connect Zimbabweans to opportunities to access capital and investors in South Africa and across the world.
Speaking during the signing ceremony in Harare this week, Industry and Commerce Minister Nqobizitha Mangaliso Ndlovu, said the partnership was part of government strategy to catalyse economic transformation.
“Today, the Ministry of Industry and Commerce and the ZIMSA Business Chamber commit to a shared vision of prosperity, industrialisation and trade excellence. This MoU is a clear testament of our intent to bridge the gap between policy formulation and private sector execution,” Minister Ndlovu said.
He said that: for Zimbabwe to thrive, a collaborative approach between the public and private sectors was essential to achieving real goals, and hence government was enterting into strategic partnerships with organisations like ZIMSA Business Chamber – to bridge the gap between policy formulation and private sector execution.
Reports carried by the state media in Zimbabwe said Ndlovu and his ministry was mandated to accelerate inclusive industrialisation and commercialisation programmes through implementation of national development policies.
The minister said government alone could not achieve this in isolation: and they needed agile partners like ZIMSA, an organisation that facilitates connections and provides essential information for business people and investors interested in Zimbabwe and South Africa across various sectors.
He added: “Through this MoU with ZIMSA, we are aligning our efforts to foster a strong business environment by creating a conducive regulatory framework and streamlining bureaucratic processes to improve efficiency.
‘‘We are also committed to promoting the growth and development of women, youth, and small and medium enterprises (SMEs) as key drivers of economic growth.”
Minister Ndlovu said with partners like ZIMSA, the ministry undertakes to provide policy guidance and support while facilitating access to Government incentives and grants.
“We will work together to identify target markets, organise trade missions and promote foreign direct investment into Zimbabwe.
‘‘In return, ZIMSA will represent private sector interests in policy discussions and provide regular feedback on regulations affecting the business community, and keeping members abreast with the latest developments in the Zimbabwean economy.
“ZIMSA will also play a critical role in disseminating economic and business information, such as the ‘Zim News’ publication, to ensure members stay abreast of the latest developments,” he said.
Zim SA Business Chamber President Farai Madzivanyika said that it is all system go as the partnership with unlock a range of opportunities multiple growth areas in the services industry and there is a focus on industrialisation and beneficiation, through to export industrial zones and technology growth areas.
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