His Excellency the President and ZANU PF First Secretary Cde E. D Mnangagwa has called upon the private sector players to emulate the initiatives by Zimplats and Palmline Holdings by investing in not just agriculture but other sectors as well, he said this whilst speaking at the launch of the cattle ranching joint venture project between Zimbabwe Platinum (Zimplats) Mines Pvt Limited and Palmline Holdings at Zimplats in Mhondoro yesterday.
The ZANU PF Party is living up to its Manifesto with the Zimbabwe is Open for Business mantra which President Mnangagwa has always spoken about and has allowed for improved ease of doing business reforms as well as commitment to unity, fighting corruption, re-engagement, development and job creation in order to transform the livelihoods of people. The ZANU PF Party has remained committed to implementing investor-friendly and sustainable supply-side policies to stimulate production across all sectors in order to create job opportunities, diversified economy generating foreign currency.
President Mnangagwa said, “Given the anticipated benefits that are going to accrue from this venture, I am calling upon other private sector players to emulate the initiative by Zimplats and Palmline Holdings by responding to my Administration’s call to come on board and invest not only in agriculture, but the other key sectors of the economy.
“I therefore call upon investors to also invest in the traditional livestock development of midlands, Matabeleland and Masvingo provinces to also ramp up production and improve the genetics of livestock herd there.
“This investment should thus serve as motivation to existing livestock and dairy farmers to scale up to their operations. It should also give impetus to further opening up of the sector to other players, including small-scale farmers, the youth and women who should claim their market share and improve their production methods,” President Mnangagwa.
His Excellency went on to say that the joint venture was an indication of the confidence global and local capital has in the country’s economy and the potential for harmony between the agriculture and mining sector.
“Today’s launch of the hybrid Cattle Ranching Joint Venture Projects brings together a mining house, Zimbabwe Platinum Mines (Pvt) Limited (ZIMPLATS) and Palmline Holdings. It is a positive indication of the confidence global and local capital has in our economy and the progressive policies of the Second Republic.
“The project further highlights the potential for harmony between the mining and agriculture sectors. Synergies in these sectors will indeed speed up the realisation of the outcomes outlined in the National Development Strategy 1 (NDS1) and Vision 2030,” His Excellency said.