Massive housing developments with no industrial development will cause unemployment: Chinamasa

Finance Minister Patrick Chinamasa has warned local authorities that the increase in housing developments is going to create unemployment problems in the future because there is no corresponding increase in industrial development.  Chinamasa urged the authorities to look for industrial development.

Speaking at a Local Government Investment conference yesterday Chinamasa said:

I will start by making an observation, which I think is typical of all our cities when I move around whether its Zvishavane, Shurugwi, Rusape, Mutare, Nyanga [and] Plumtree you observe massive housing development, which is very good and meets a basic need under Maslow’s Hierarchy of Needs, but there is no corresponding industrial development in all those cities and if there is, please come and call me and show it to me.

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What that means is that we are heading for some social problem in the future.

Those people, who are putting money into housing, will have children, who will want employment and employment is provided by industrial development.

So, as we speak, it is very important that we do everything in our power to attract industrial development in our cities

More: NewsDay


Patrick ChinamasaPlumtreeZvishavane

Patrick Anthony Chinamasa is a Zimbabwean politician and a member of Zanu-PF. He is the former Minister of Finance and Economic Planning. He was reappointed to the ministry after President Emmerson Mnangagwa had appointed his cabinet in November 2017. Chinamasa is former Minister of Cyber... Read More About Patrick Chinamasa

Plumtree is a Town located in Matabeleland South Province in Zimbabwe. Read More About Plumtree

Zvishavane, about 97km SW of Masvingo, although it is in Midlands Province, was built around an asbestos mine. Gold, beryl, chrome and iron ore mined in the area. The major agricultural activity in the area is cattle ranching. Zvishavane is just south of Zimbabwe's geographic... Read More About Zvishavane

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Massive housing developments with no industrial development will cause unemployment: Chinamasa