Cabinet has approved the Zimbabwe National Industrial Development Policy 2 (ZNIDP2) for the period 2026–2030, a strategy designed to guide the country’s industrialisation agenda over the next five years.
Speaking during today’s Post Cabinet Briefing in Harare, today, Minister of Information, Publicity and Broadcasting Services, Soda Zhemu, said that the new policy will provide the framework to steer Zimbabwe’s industrial growth in line with national economic priorities.
“Government has developed the Zimbabwe National Industrial Development Policy Two which will guide Zimbabwe’s industrialisation agenda for the next five years in tandem with the National Development Strategy Two covering the same period from 2026 to 2030,” he said.
Zhemu said the policy builds on progress made under previous industrial development strategies.
“The Policy builds upon the foundations and progress achieved under the Zimbabwe National Industrial Development Policy One which covered the period 2019 to 2023 and the Zimbabwe Industrial Reconstruction and Growth Plan which ran from 2024 to 2025,” he added.
The Minister noted that the policy seeks to accelerate industrial development and strengthen Zimbabwe’s economic competitiveness.
“The Policy aims to promote sustainable and diversified industrial growth, enhance productivity and drive structural transformation and competitiveness by accelerating investment in Zimbabwe’s industrial sector,” he said.
He added that the strategy sets ambitious targets for the manufacturing sector over the next five years.
“Consistent with the positive economic trajectory, the Zimbabwe National Industrial Development Policy Two seeks to increase the manufacturing sector’s growth rate from an average of 2.2 percent to over 5 percent annually by 2030.
It also aims to raise the sector’s contribution to Gross Domestic Product from about US$7 billion to US$12 billion by 2030, increase manufacturing exports from an average of US$470 million to US$1 billion by 2030 and improve capacity utilisation from an average of 51 percent to 60 percent,” Minister Zhemu added.
Zhemu said the policy will also target improvements in industrial output indicators.
“The Policy also seeks to increase the Volume of Manufacturing Index from 149.4 to an average of 180 by the year 2030,” he said.
The Minister said the new industrial policy will be implemented through six strategic pillars aimed at strengthening the country’s industrial base.
“The Zimbabwe National Industrial Development Policy Two is anchored on six strategic pillars which include deepening industrialisation and value chain optimisation, leveraging competitive advantages in mining and agriculture, spatial development initiative nodes and rural industrialisation,” said Zhemu.
Meanwhile, Zimbabwe has been implementing successive industrial development policies aimed at revitalising the manufacturing sector and strengthening value addition in key sectors of the economy.
The new ZNIDP2 aligns with the National Development Strategy 2 (2026–2030), which seeks to accelerate economic transformation, industrialisation and sustainable economic growth.
