President Mnangagwa throws weight behind innovation for economic growth

By Theophilus Chuma

Government targets to utilise innovation and industrial parks to drive the industrialisation agenda as it seeks to advance competitiveness across all sectors of the economy.

The government’s focus on industrialisation is paying dividend as institutions begin to implement transformative training and skills development programmes that will help the nation to achieve economic development.

The commissioning of the new Management Training Bureau by President Emmerson Mnangagwa this Friday signals huge strides in unlocking human capital and skills development which will be vital to achieve the country’s set targets of an upper middle income economy by 2030.

The national strategic institution is therefore seen as a vital cog in the implementation of key blueprints such as the National Development Strategy One.

“I exhort the Management Training Bureau to be a catalyst towards enhancing our national competitiveness and transformation across all sectors of the economy.

“It is also my expectation that professionals who pass through this institution are adequately equipped to participate, adopt and adapt to the use of new technologies. This is more pertinent as the global economy is migrating towards technology-led patterns of production as well as consumption of goods and services,” said President Mnangagwa.

The reality of this target is now on the horizon, as the revamped Management Training Bureau will address gaps in critical skills which reflect a deficit of 68 percent, according to  the National  Critical Skills Audit of 2018.

Experts contend that innovation hubs and industrial parks will be key in achieving accelerated growth.

Through enhanced domestic resource mobilisation, the government has committed over thirty million dollars towards technology-based interventions to bolster the country’s economic growth towards Vision 2030.

Massive progress has been recorded across tertiary institutions which are scaling up research and development.

Under a refocused Zimbabwe Manpower Development Fund (ZIMDEF), the sustainability of these programmes is now guaranteed.

Prior to the Second Republic, the funding vehicle had close to US$300 thousand siphoned out by former government Minister Jonathan Moyo.

The renewed thrust that has plugged all loopholes for corruption has been applauded as a critical pedestal to national growth.

Industrialisation is the cornerstone of the New Dispensation’s programmes, which will also be vital to align the country with the African Union’s Industrial Agenda for 2030.