Zimbabwe needs to come up with a clear beneficiation and value addition strategy that will translate to downstream and upstream economic activity.
The current structural arrangement of the agriculture and mining industry which remains geared towards export of raw materials is not sustainable and not economically viable in the long run, especially when the country is envisaging being a middle income economy by the year 2030.
Economist Professor Albert Makochekanwa noted that given this background, it is therefore imperative for Zimbabwe to shift from being a primary producer economy to a secondary and finished product producer.
Professor Makochekanwa says Zimbabwe can emulate economies like China and South Africa which managed to unlock their real economic value through beneficiation and value addition to stimulate economic growth as well as employment creation.
Developing a growth path strategy premised on value addition can fast track the country’s economic growth to achieve its target of middle income economy status by 2030.