By Daniel Chigundu
Speaker of the National Assembly Jacob Mudenda says Zimbabwe must embrace industrial technology if it entertains hopes of competing in the African Continental Free Trade Area (ACFTA).
Owing to the lack of funds on the market for retooling, most companies in the country are using old equipment which often breaks and is expensive to operate.
Various economists have pointed out these old technologies as the reason why locally manufactured goods are not able to compete in the local market with imports in terms of prices.
Giving a keynote address at an awareness workshop on ACFTA organised for legislators, Honourable Mudenda said Zimbabwe must follow the example of China.
“In the qualitative production of goods and services Zimbabwe must embrace industrial-technological advancement that is what the Chinese did in the last 40 years.
“Our universities have to accelerate the application of innovative hubs that will drive our industry towards the use of appropriate technology so that the country can manufacture high-quality products for trade within the ACFTA and beyond.
“MIT in America is coming up with appropriate technology applicable to industry so why can we not have our own MITs in Zimbabwe with these hosts of professors and doctor so and so?
Speaking at the same occasion SAPST executive director John Makamure called for the urgent ratification of the ACFTA Treaty and also domestication by Parliament.