BY NALEDI DUBE
The Zimbabwe Chamber of Commerce (ZNCC) Masvingo Chapter, in partnership with NetOne, recently hosted the Economic Outlook Symposium under the theme: “From Resilience to Competitiveness: Charting a New Path for Sustainable Industrial Growth.”
Minister of State for Provincial Affairs and Devolution, Ezra Chadzamira, said Masvingo Province aims to build an US$8 billion provincial economy by 2030, unlocking value across agriculture, mining, tourism, and manufacturing, while ensuring benefits reach all citizens.
In a speech read on his behalf by Provincial Director for Economic Affairs , Mr Clever Chingwara, the Minister reaffirmed the province’s support for the Constitutional Amendment Bill No.3, emphasizing that the reforms are expected to strengthen public institutions, improve service delivery, and create a predictable environment that attracts investment.
“The private sector remains the engine of our growth. Sustainable development cannot be achieved without a vibrant and empowered private sector,” he said. “Public-private partnerships (PPPs) are essential for delivering infrastructure, services, and industrial projects. Government must protect local enterprises while maintaining an environment conducive to investment and competition.”
Minister Chadzamira urged stakeholders to unite behind the vision of a competitive and prosperous Masvingo Province, one that attracts investment, strengthens industry, expands opportunities, and improves livelihoods.
Christopher Mugaga, CEO of Zimbabwe National Chamber of Commerce (ZNCC), highlighted findings from the State of Industry and Commerce Survey 2025, which identified financial and operational challenges hindering business growth.
He called for stronger engagement with regional and international banks, including the African Development Bank and World Bank, to extend credit lines beyond 4–5 years, enabling businesses to expand beyond local markets.
Mugaga emphasized that the symposium offers a platform to discuss policies on monetary policy, taxation, and investment, supporting business growth across Masvingo Province. He added that investor education and awareness on devolution are crucial to ensure all citizens can participate in provincial economic development.
The event also recognized new ZNCC members with certificates:
Silver category: Triangle Country Club, Great Zimbabwe University, Great Zimbabwe Realtors
Gold category: N’ Richard’s
Diamond category: Masvingo Polytechnic
The symposium underscored the importance of collaboration between government, the private sector, and local communities in driving sustainable industrial growth and investment in Masvingo Province.