By Davison Vandira
Zimbabwe’s import substitution strategy is bearing fruit in the wake of revelations that the country’s bus assembling project is taking shape.
The assembling of buses by Deven Manufacturing has been welcomed as a key milestone in the implementation of the National Development Strategy One, which prioritises employment creation and value addition.
Experts are convinced that the revival of the local manufacturing concern is a major boost to the country’s local content strategy through stimulating the manufacturing sector value chain.
The Managing Director of Deven Manufacturing, Patrick Munyaradzi said, “This is a welcome development to Zimbabwe’s bus requirements as the public transportation system has also been revamped which creates demand.”
The latest development comes at a time when the country has been relying on finished imports but the company is ready to supply 32 buses per month in a move that will create unlimited upstream and downstream economic linkages in spearheading the country’s development agenda.
“We have also resuscitated our research and development through partnerships with institutions of higher learning to produce competitively,” he added.
In line with the coming in of the African Continental Free Trade Area, the company is looking to tap into the region and boost the country’s foreign Currency generation capacity.