VICE President Kembo Mohadi has called on foreign investors, particularly those in Zimbabwe’s grow-ing mining sector, to prioritise the improvement of local communities’ livelihoods where they operate.
In recent years, there has been a notable surge in foreign investment, especially from Chinese firms, with significant funding directed towards mining initiatives. However, the government insists that these investments must benefit not just shareholders but also the wider local populations.
Mohadi made these comments at the ground-breaking ceremony for the Xintai Palm River Energy Metallurgical Industrial Park in Beitbridge. He highlighted the importance of such projects in making a meaningful contribution to the development of nearby communities, in line with the government’s Devolution Agenda, which seeks to empower local authorities and ensure fair distribution of re-sources.
“In line with the Devolution Agenda, I hope this project will significantly improve the livelihoods of the people of Matabeleland South Province,” Mohadi stated. “This province hosts several mining initia-tives, and the government is confident that these projects are transforming the lives of local people and the nation as a whole.”
The Devolution Agenda plays a crucial role in distributing economic advantages to local communities, enhancing public accountability, and improving service delivery. As Environmental, Social, and Gov-ernance (ESG) issues become increasingly significant worldwide, Mohadi’s appeal aligns with the goal of ensuring that foreign investment not only fuels economic growth but also promotes sustainable de-velopment. This strategy is vital, as investors and stakeholders are now weighing both financial gains and the social consequences of their investments.
Mining projects, which are fundamental to Zimbabwe’s economy, are now anticipated to contribute to wider socio-economic development, encouraging a more inclusive growth model for the nation.
