UN avails 20,6m euros for re-industrialisation

Source: UN avails 20,6m euros for re-industrialisation | The Herald July 26, 2016

Business Reporter

The United Nations Industrial Development Organisation (UNIDO) has availed a 20,6 million euro three-year support facility towards Zimbabwe’s re-industralisation country programme. The country programme focuses on industrialisation through value addition and beneficiation as enablers of economic growth, which is in sync with the Zim-Asset economic blue-print.This also makes Zimbabwe the 11th country out of 54 African countries to be prioritised by the UNIDO’s country programmes.

The country programme focuses on six components which support delivery of Zim -Asset objectives among them support value addition, quality infrastructure and access

to competitive markets for selected value chains. The programme will also focus on upgrading small to medium enterprises and support institutions as well as pharmaceutical recovery and its competitiveness.

Industry and Commerce Minister Mike Bimha said UNIDO and Government through his ministry have been working together since 2013 to revive the sector through developing a Pharmaceutical Sector Development Strategy.

The approval of the country programme, Minister Bimha said, was a timely intervention that would enhance industry competitiveness, at a time local industry has suffered capacity constraints and uncompetitiveness on both the domestic and regional market.

“Zimbabwe has not had a country programme for so many years leading to it lagging behind its neighbours in the region.

“The Government of Zimbabwe in its quest to industrialise is not only looking at support from its partners, but going to great lengths to make the investment environment more welcoming,” he said.

In line with this, Minister Bimha added Government would continue working towards providing an enabling environment conducive for business growth.

According to the World Bank’s ease of doing business index, Zimbabwe is ranked 155 out of 189 economies while the World Economic Forum’s Global Competitiveness Index ranks the country at 125 out of 140 countries.

UNIDO director Africa programme division Mr Koffi Edme said inclusive and sustainable industrial development could only be achieved by building multi-stakeholder partnerships with governments, financial institutions, private sector and the academia.

He added the use of inclusive sustainable industrial development (ISID) approach was ideal in enhancing productivity, international competitiveness, creating jobs, incomes and supporting economic diversification.

“In essence, ISID promote structural transformation focused on unleashing development through innovation, efficient and sustainable use of resources,” he said.

COMMENTS

WORDPRESS: 4
  • comment-avatar
    Mukanya 6 years ago

    What % of the 20,6m euros is available for CORRUPTION? can we have the stats please.

  • comment-avatar
    Doris 6 years ago

    Re industrialize and then hand over 52% to the government. What are these people smoking?

  • comment-avatar
    Malcolm 6 years ago

    Don’t let Mugabe get his grubby little goblin hands on that money… If it isn’t already stolen.

  • comment-avatar
    C Frizell 6 years ago

    This is laughable. Zimbabwe has a whole min-star of De-Industrialisation (called Indigenisation).

    Zanooo has deliberately destroyed industry through corruption, greed and racism. Once upon a time I had a factory, as did many others, but Zanooo drove us out. As far as I am concerns, Zim can get knotted. But at least I know nothing will come of this foolishness; the money will go straight to Organised Crime, as it was meant to.