Once Zimbabwe has achieved a stable and competitive local currency, the Confederation of Zimbabwe Industries (CZI) plans to contribute towards policies that will see local companies increase their share of both the domestic and regional markets.
CZI is currently implementing a 3 phase Industrialisation Strategic Framework.
The first phase meant for the period between 2019 and 2020 was focused on establishing a stable and competitive local currency.
The auction system which has so far helped stabilise the exchange rate and has seen businesses access foreign currency on the formal market is one of CZI’s many proposals to authorities.
In it’s latest annual report attached below CZI said the next phase will be focused on domestic and regional market capture, export diversification, and integration in the regional and global value chain. This will be for the period 2019 to 2030.
From 2030 and beyond, the goal is on specialisation in lucrative and labour/skills intensive production.
The ultimate goal for the business representative body is to double the share of manufacturing value added in GDP to 20% by 2030 from the current 8.9%. Efforts will also be made towards increasing the share of medium-and-high-technology production in total manufacturing value-added from less than 15% to 35% by 2030 as well as increase share of industrial employment from 7% to 40% by 2030.