The Zimbabwe National Chamber of Commerce (ZNCC) held its 2024 Annual Congress at Elephant Hills Resort, Victoria Falls, under the theme “Unlocking New Frontiers for Sustainable Industrialization and Climate-Smart Business Growth.” The event, graced by the Minister of Industry and Commerce, Hon. N. M. Ndhlovu, emphasized the nation’s commitment to rapid industrialization and environmental sustainability.
Zimbabwe is on the brink of a new era marked by rapid industrialization, boundless innovation, and a strong commitment to sustainable development. The government is focused on creating an enabling environment for businesses, improving infrastructure, streamlining regulatory frameworks, and supporting innovation and entrepreneurship. This is part of the broader agenda to ensure universal access to electricity by 2030 and position Zimbabwe as a preferred destination for investment.
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Book NowThe ZNCC has played a significant role in fostering trade, investment, and entrepreneurship, contributing to Zimbabwe’s economic growth. The organization has been pivotal in positioning the country as a competitive player on the global economic stage. The government’s transitional industrial reconstruction and growth plan aims to address structural weaknesses in the manufacturing sector, aspiring to increase its contribution to GDP to 20%.
Efforts to promote energy efficiency and renewable energy are underway, with collaborations between companies and regulatory bodies to adopt cleaner technologies. Climate-smart business growth, particularly in agriculture and tourism, is essential for reducing emissions and building resilience. Despite challenges such as access to finance and technical expertise, Zimbabwe is poised for transformative change by leveraging its renewable energy resources and commitment to sustainability.
Zimbabwe has abundant lakes and dams, which could be sites for future renewable energy investments. Projects like the recently approved 600MW floating solar photovoltaic power plant on Lake Kariba reflect this potential. This initiative is expected to significantly reduce power imports and support the Rural Electrification Programme, boosting the country’s energy security.
The government’s efforts are supported by development partners, including the United Nations and various other organizations, aiming for an inclusive, resilient, and sustainable economy. The private sector is encouraged to participate in initiatives like the Annual State of Industry and Commerce Survey to guide policy direction and support the national development strategy.
Addressing the impact of El Nino-induced droughts, the government is mobilizing resources to assist the most affected. The business community is called upon to contribute towards ensuring food availability, accessibility, and affordability. Collaboration with universities and research institutions is urged to develop innovative mitigation strategies and meet the Revised Nationally Determined Contributions.
The presence of international speakers and delegates highlights the event’s significance in fostering information sharing and collaboration that transcends historical borders. This congress provides an opportunity to drive sustainable industrialization and build a brighter, greener future for Zimbabwe.
