Last year, the manufacturing sector attracted US$128 million in investment, up from US$101 million in 2022, as the country continues its re-industrialisation drive in line with the National Development Strategy (NDS1).
“I am pleased to share that we have increased the production and manufacturing of locally made goods to such a level that over 80 percent of the products available in the country are made here,” Ndlovu said.
He attributed this success to the government’s deliberate efforts in strengthening value chains, which have created significant opportunities for the growth of the manufacturing sector.
“This achievement is a result of the focused leadership of President (Emmerson) Mnangagwa, which has emphasised value chain strengthening and opened up massive opportunities for the manufacturing sector,” he added.
With growing confidence in locally manufactured products, Ndlovu urged local producers to showcase the best of Zimbabwe by entering export markets.
“It is through forums like this that we can propel top brands from Zimbabwe into international markets. Our focus is on boosting industrial competitiveness, stimulating productivity, and expanding manufacturing,” he said.
He said the manufacturing sector played a crucial role in facilitating export growth, with sector-specific strategies being pursued.
He pointed to the base metals and engineering sector, which is expected to reduce imports of iron and steel products by nearly US$200 million in the first year of the new Chivhu-based iron and steel complex starting production.
Other sectors, such as cotton, clothing, oilseeds, and bus and truck manufacturing, also present significant import substitution and export potential, Ndlovu said.
“Collaboration among various players in the industrial and commercial sectors is critical in addressing challenges and seizing opportunities in the export market,” he noted.
He emphasised that this year’s conference theme, “Qala/Tanga Start,” reflects Zimbabwe’s readiness to explore export opportunities, backed by the Second Republic’s commitment to economic growth.
“The government recognises that exports are key drivers of economic growth, generating foreign currency, increasing productivity, and creating jobs,” he said.
Ndlovu also announced that the government recently approved the Zimbabwe Industrial Reconstruction and Growth Plan which aims to consolidate gains in primary production within the mining and agricultural sectors by focusing on value addition to enhance export value.
“This transitional plan, first of its kind, will lead to a comprehensive industrial development policy aligned with our upcoming NDS2.
“It emphasises restoring export competitiveness to penetrate more markets while improving adherence to quality standards,” he explained.
Ndlovu said government has implemented several incentives for the manufacturing sector to support the attainment of NDS1 goals.
“These incentives are designed to minimise dependence on imports for commodities that can be manufactured using locally available raw materials,” he said.
He encouraged all stakeholders in the sector to engage in meaningful dialogue and co-create solutions to uplift Zimbabwe’s export landscape and economy.
“Our combined efforts will advance Zimbabwe. The government remains committed to supporting the outcomes of this conference,” Ndlovu said.