President Emmerson Mnangagwa has emphasized on the transformative opportunities presented by the adoption of technological and innovation to enhance efficiency within SADC member states.
Mnangagwa said this while delivering a keynote speech at the ongoing 44th Southern African Development Community (SADC) Industrialization Week this morning.
“By embracing these advancements, we can significantly enhance efficiency within SADC member states, this is not just about keeping up with global trends, but about leveraging these tools to drive our industrialization efforts, improve productivity, and ultimately, achieve sustainable economic growth," Mnangagwa said.
"It is imperative that we invest in technological infrastructure and innovation to ensure that we remain competitive in the global market. Our future depends on our ability to adapt and evolve with the times.".
He emphasized the critical issue of value addition.
“SADC states must develop and enhance productivity growth through innovation to fully tap into the global value chain. Value addition is key to our development," he said.
“We have the mandate to build and upgrade our countries. A nation is built by its own inhabitants, step by step, brick by brick, we can realize our full potential through maximizing research, increasing investment in technology, and bridging the technology gap."
Vice President Constantino Chiwenga said;" President Mnangagwa’s mantra ‘Zimbabwe is open for business’ has attracted numerous investors to our country."
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SADC Executive Secretary Elias Magosi reiterated the importance of focusing on critical areas to boost SADC economics.
“No products should leave the continent without value addition," Magosi said.
Foreign Affairs and International Trade Minister, Ambassador Frederick Shava underscored the necessity of including small and medium-sized enterprises (SMEs) in the industrialization process.
“Integrating small and medium-sized enterprises (SMEs) into the industrialization process is crucial for fostering economic growth and innovation, SMEs are the backbone of our economy, and supporting them will spur local innovation, enhance competitiveness, and ensure that the benefits of industrial growth are widely shared,” he said.
