Re-engagement efforts paying off

Staff Reporter

…as the World Bank pledges to support Gvt

President Emmerson Mnangagwa’s engagement and re-engagement policy is paying off, as evidenced by the Bretton Woods Institutions warming up to Government, and pledging to assist the Ministry of Mines and Mining Development to attain its US$12 billion target by 2023.

This was revealed by a contact within the Ministry of Mines and Mining Development, who spoke to this publication on condition of anonymity.

“We are now reaping the fruits of re-engagement. The support that we are receiving is because of continued efforts to engage and re-engage both friends and foe.  The World Bank has pledged to support Government to attain its Mining Vision 2023 of a US$12 billion in mining export receipts.

“Currently the World Bank is conducting workshops to educate MMMD officials, this is important in improving the operational efficiency of the MMMD, which is in need of funding to train personnel  in the areas of data capturing, digital fibre rollout as well as issuance of titles to the holders of mining rights,” said the contact.

The World Bank has shown interest in the artisanal miners which it intends to finance for better production and working conditions.

“Artisanal and small scale miners are also set to be capacitated by the World Bank through financing equipment and loans so that their operations are well resourced,” added the contact.

Meanwhile, Governments is improving the ease of doing business in order to attract investors in the mining sector and other sectors of the economy, for an Upper Middle Income Economy by 2030.