The Zimbabwe Industrial Reconstruction and Growth Plan (ZIRGP) has been unveiled to revitalize the economy by emphasizing local procurement, enhancing mineral beneficiation, and fostering industrial growth.
Speaking at the launch in Harare, Deputy Minister of Industry and Commerce Raj Modi highlighted the plan’s role as a transitional framework aligning with the upcoming National Development Strategy 2 (2026-2030). The ZIRGP aims to address critical challenges in the manufacturing and policy sectors while building on the successes of previous industrial strategies.
“The plan targets key obstacles to economic recovery and industrialization,” said Deputy Minister Modi, who also announced a funding allocation of ZIG550.9 million to support its implementation. Of this, ZIG100 million is designated for industrial development financing and greenfield project support.
In a move to enhance local production, the government has suspended duties on inputs for the motor vehicle industry, a step Deputy Minister Modi described as crucial for revitalizing Zimbabwe’s automotive sector. He also emphasized the importance of sustainable manufacturing practices to improve resource efficiency and minimize waste.
Harare Metropolitan Provincial Affairs and Devolution Minister Charles Tawengwa hailed the ZIRGP as a transformative opportunity. “This is not just a roadmap; it’s a platform to turn aspirations into tangible progress, improving livelihoods for every resident,” he stated.
The ZIRGP focuses on producing value-added goods to meet both domestic and international demands while driving technological innovation through research and development. It also prioritizes empowering small and medium-sized enterprises (SMEs) by providing resources, tools, and financial support to stimulate economic growth and job creation.
The plan underscores the importance of stakeholder collaboration, climate change adaptation, and navigating global market dynamics to build a resilient and competitive industrial sector.