President Emmerson Mnangagwa’s inauguration speech has set the pace, with Zimbabweans being called on to embrace economic reforms through accelerated modernisation, industrialisation and mechanisation to restore socio-economic prosperity in a new Zimbabwe.

From day one of his entry into the highest office on the land, Cde Mnangagwa declared that in this new dispensation, it will be economics and less politics.

This was manifested in his Zimbabwe is Open for Business mantra and a major shift in the country’s foreign policy where every one of his external engagements are closely linked with economics.

His inauguration speech yesterday, as he began a new mandate for the next five years, maintained the economic growth agenda as key to create jobs, attract foreign direct investment and increase exports.

“Now is the time for all to unite as a nation and grow our economy…let us courageously and diligently embark on a shared journey towards realisation of our national vision to transform Zimbabwe into a middle income economy, with increased investment, decent jobs, broad-based empowerment, free from poverty and corruption by 2030,” he said.

“My government will in the next five years accelerate industrialisation, with greater emphasis on market driven policies. Furthermore, comprehensive strategies will be put in place to stimulate the value chains across our industries and commerce. Building on the achievements in agriculture, mining, manufacturing and tourism as a result of deliberate policies we made in the last nine months, my government will consolidate the growth of the economy,” he said.

Several macro-economic policies have since this year been formulated with expectations that the new government will take into consideration the need to ensure that they are implemented.

With focus being on how Zimbabwe can regain its economic dominance, not only in the region but on a global scale, the speech by President Mnangagwa has set the tone on how the private sector should also help the government achieve the intended goals of a middle income economy by 2030.

Meanwhile, the business community has welcomed President Mnangagwa’s acceptance speech as setting the right tone to achieve the Vision 2030.

The business community described the President’s inauguration speech as laden with economic reforms that are going to unlock the country’s potential.

“As CZI, we have got confidence in Mnangagwa’s administration especially on modernisation and industrialisation perspectives. We are happy that His Excellency’s inauguration speech revolved around key economic issues that have not been addressed for many years,” Confederation of Zimbabwe Industries (CZI) President, Sifelani Jabangwe said.

Buy Zimbabwe CEO, Mr Munyaradzi Hwengwere said he is very happy that the speech tackled issues of domestic savings through import substitution as an accelerator for economic development.

“The issue of stimulating value chains in agriculture and mining that Cde Mnangagwa alluded to in his speech shows his seriousness to promote local content which is critical to creation of jobs,” he said.

As the people in business, we concur with the President when he speaks about transparency and accountability as well as the removal of bureaucratic bottlenecks that hamper the ease of doing business,” says Mr Langton Mabhanga, an economic analyst.

President Mnangagwa also promised that his administration will be characterised by servant leadership as it will be responsive to people’s needs.