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Rutendo Nyeve, Sunday News Reporter

THE Chairman of the Institute for Competitiveness in India, Professor Amit Kapoor has outlined a comprehensive roadmap to bolster Zimbabwe’s global competitiveness by leveraging its natural resources, strategic location, policy reforms, innovation and regional integration.

Speaking at the National Competitiveness Council (NCC) inaugural Competitiveness Summit 2025, Prof Kapoor stressed the importance of structural reforms, strategic investments, and policy alignment to unlock Zimbabwe’s economic potential.
He highlighted the country’s rich natural resources, particularly in mining and agriculture, as a key competitive advantage.
Prof Kapoor also underscored the need for value addition in sectors like lithium refining and agro-processing to help Zimbabwe climb the global value chain.

“Zimbabwe has the potential to become a key player in the global green energy transition by leveraging its lithium reserves. “However, this requires strategic partnerships, infrastructure development, and regulatory reforms to attract diverse international investors,” said Prof Kapoor

Prof Kapoor emphasised the need for Zimbabwe to adopt a “Structural Transformation 2.0” model, focusing on sector-based growth across industries such as agriculture, mining, renewable energy, and tourism.
He called for regulatory reforms to improve the ease of doing business, streamline investment approvals, and reduce bureaucratic inefficiencies.

“Zimbabwe must create an enabling environment for competitive firms to thrive. This includes improving infrastructure, access to capital, and fostering innovation through stronger collaboration between research institutions and industries,” said Prof Kapoor.

A critical area of focus in Prof Kapoor’s presentation was the need to invest in human capital and innovation. Zimbabwe ranks 127 globally in human capital and research, far behind countries like India, which ranks 51. Prof Kapoor urged the Government to prioritise education, vocational training, and digital literacy to equip the workforce with the skills needed for emerging industries.

“Innovation is the cornerstone of competitiveness. Zimbabwe must invest in research and development, strengthen its intellectual property systems, and foster a culture of innovation to compete globally,” said Prof Kapoor.

Prof Kapoor also highlighted the importance of regional integration through initiatives like the African Continental Free Trade Agreement (AfCFTA).

With intra-Africa trade currently standing at just 14.12 percent of total exports, Zimbabwe has a significant opportunity to expand its trade footprint within the continent.

“By reducing tariffs and eliminating non-tariff barriers, Zimbabwe can position itself as a regional economic hub. This will not only boost exports but also attract foreign investment,” said Prof Kapoor.

Prof Kapoor further made a clarion call for Zimbabwe to adopt a Broad Ambition for the Future,” focusing on shared prosperity, sustainability, and resilience.

Prof Kapoor emphasised that economic growth must be inclusive, with opportunities for women, youth, and low-skilled workers.

“Zimbabwe’s transformation is not just a national imperative but a catalyst for global progress. By leveraging its competitive advantages, Zimbabwe can contribute to global supply chains, regional stability, and the green energy transition.” Said Prof Kapoor.

Despite its rich natural resources and strategic location in Southern Africa, Prof Kapoor said the country has faced significant economic challenges over the past decades. With a GDP per capita of $3,442 (PPP USD) and an employment-to-population ratio of 59 percent, the country lags behind its regional peers in terms of productivity and economic diversification.

Professor Kapoor highlighted that Zimbabwe’s journey toward becoming a middle-income country requires addressing four key challenges: shared prosperity, job creation, policy implementation, and adapting to global changes.

The NCC Inaugural Competitiveness Summit 2025 marks a pivotal moment for Zimbabwe.