Zimbabwe has assumed leadership of the SADC Council of Ministers, taking over from Angola, in anticipation of the 44th SADC Summit of Heads of State and Government. At this summit, Zimbabwean President Emmerson Mnangagwa is set to become the chairperson of the organisation.
In his address, Zimbabwe's Foreign Affairs Minister Frederick Shava stated that the nation will prioritise enhancing food security and promoting peace and stability throughout the region during its term, The Herald reports.
He also stressed the need to encourage innovation and generate opportunities for young people by pursuing sustainable industrialisation and economic growth.
Furthermore, Zimbabwe also hosted the 7th annual SADC Industrialisation Week, where discussions on regional economic issues took place with the private sector.
Shava stated that achieving the SADC Vision 2050 and the Regional Indicative Strategic Development Plan (RISDP) 2020–2030 would require active involvement from the private sector.
The departing Chairperson of the Council of Ministers, Angolan Minister of Foreign Affairs Tete Antonio, highlighted that under Angola's leadership, the region had achieved several milestones consistent with the theme of the 43rd SADC Summit, entitled Human and Financial Capital: The Key Drivers for Sustainable Industrialisation in the SADC Region, which was adopted in August 2023 in Luanda, Angola.
He also emphasised the importance of building both human and financial capital to achieve sustainable industrialisation in the region.
Moreover, SADC Executive Secretary His Excellency Mr Elias M. Magosi praised Zimbabwe for its leadership in advancing the SADC industrialisation agenda, noting its role since hosting the 34th SADC Summit in 2014 and chairing the organisation from 2014 to 2015 in Victoria Falls.
This led to the creation and adoption of the SADC Industrialisation Strategy and Roadmap 2015-2063.
Retailers say use of exchange rate is harming competitiveness
Leading retailers in Zimbabwe have cautioned that they may be forced to shut down stores if the government continues to mandate the use of an official exchange rate they believe is inflated and harming their ability to compete.
posted on 25.09.2024
Zimbabwe to announce roadmap to replace Dollars with ZiG
Zimbabwe’s cabinet has announced the approval of a plan to transition from using US dollars to the new gold-backed currency for transactions, the details of which will be presented by the country's Finance Minister, Mthuli Ncube.
posted on 07.08.2024
Zimbabwe seeks investment bank to bolster economic potential
Zimbabwe’s Minister of Finance, Economic Development, and Investment Promotion, Professor Mthuli Ncube, has urged investors to set up an investment bank in the country to capitalise on the numerous opportunities within the economy.
posted on 12.06.2024
Zimbabwe Dollar falls to record low ahead of currency announcement
The Zimbabwean currency has fallen to another all-time low as residents sought refuge in the stability of the US dollar amid speculation the central bank is on the verge of making an announcement regarding the future of the local currency.
posted on 03.04.2024
Retailers say use of exchange rate is harming competitiveness
Leading retailers in Zimbabwe have cautioned that they may be forced to shut down stores if the government continues to mandate the use of an official exchange rate they believe is inflated and harming their ability to compete.
posted on 25.09.2024
Zimbabwe to announce roadmap to replace Dollars with ZiG
Zimbabwe’s cabinet has announced the approval of a plan to transition from using US dollars to the new gold-backed currency for transactions, the details of which will be presented by the country's Finance Minister, Mthuli Ncube.
posted on 07.08.2024
Zimbabwe seeks investment bank to bolster economic potential
Zimbabwe’s Minister of Finance, Economic Development, and Investment Promotion, Professor Mthuli Ncube, has urged investors to set up an investment bank in the country to capitalise on the numerous opportunities within the economy.
posted on 12.06.2024
Zimbabwe Dollar falls to record low ahead of currency announcement
The Zimbabwean currency has fallen to another all-time low as residents sought refuge in the stability of the US dollar amid speculation the central bank is on the verge of making an announcement regarding the future of the local currency.
posted on 03.04.2024
deVere Zimbabwe’s Public Relations Department deals with all areas of the media and external communications including international, national, regional, local, trade, consumer, print, broadcast, social and online. The Department aims to provide a helpful service to journalists, broadcasters and editors, amongst others, and reply to all media enquiries, including urgent enquiries out of hours, within agreed deadlines. Our press office does not have access to client details and will not be able to assist with individual client enquiries. Please contact deVere Zimbabwe’s Head of Public Relations on [email protected] or call +44 2071220925