ZIMBABWE’S quest for an empowered upper-middle-income economy by 2030 is shaping up, following a positive uptick in the country’s industrial capacities.

Industrial revamping and revival are central to the country’s sustainable economic growth. Since the advent of the Second Republic, the Government has been actively pushing policies and strategies to achieve this goal.
Vice President Dr Constantino Chiwenga was in Kwekwe yesterday on a tour of strategic national economic projects and expressed satisfaction with the work seen at four firms in the Midlands.

At Sable Chemicals, which manufactures fertiliser, the VP was informed that the company’s revival was now at an advanced stage and was expected to be completed in April ahead of production in May.

At Zimchem, he observed the company’s revival efforts, which have generated interest from neighbouring Mozambique, where an order could potentially generate US$1 million a week.
Globally, Union Alloy, which produces ferrochrome, has built five furnaces and is now waiting for connection to the national grid to commence operations.

VP Chiwenga expressed satisfaction with the progress made and urged the companies to maintain their current trajectory and deliver tangible results, rather than engaging in mere discussions in boardrooms.
“Sable Chemicals shut down in 2022 for several reasons, but these issues have now been addressed. The Government has boldly intervened through the Mutapa (Investment) Fund to inject necessary funds,” said VP Chiwenga.

“The chief executive informed us that at the current pace, all work will be completed by the end of April, and we should expect the first bags of ammonium nitrate to be delivered by late May to early June.

“This has significant implications for our projected economic growth in the agricultural sector, which is a key driver of our economy. Producing fertiliser locally will allow us to manufacture ammonium nitrate, which is vital for our agriculture.” – The Herald