Zim To Join Fast Growing Economies In Africa Within 2 Years: Mthuli Ncube

Minister of Finance and Economic Development, Mthuli Ncube has said that he expects Zimbabwe to join the group of six of the fastest growing economies in Africa within the next 24 months. Speaking at the Zimbabwe Investors Forum held in New York ahead of the United Nations 73rd General Assembly in New York, Ncube said,

Zimbabwe will be joining the group of six countries which have the fastest growing economies with a growth rate of six percent per annum which comprise Rwanda, Ghana, Tanzania and Ivory Coast…We have a policy direction in terms of our visions. President Emmerson Mnangagwa has launched vision 2030 which will drive the country to a middle-income economy with an income per capita of $3,500 by the year 2030 through the pillars of stronger governance transparency, macro stability, inclusive growth infrastructure investment and social development….the country has an excellent human capital base with a high literacy rate, abundance of natural resources, minerals, good infrastructure, access to power water and sanitation and is favourably located in Southern Africa

However, Labour and Economic Development Research Institute of Zimbabwe director, Dr Godfrey Kanyenze expressed reservations over Ncube’s timeline saying,

There are a host hurdles that lie ahead of the nation’s economic reform process…Even countries like Rwanda did not achieve such rankings in a space of 24 months.

More: New Zimbabwe

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