Forging for a Better Future: Public-Private Synergies in Achieving SDGs in Zimbabwe

On 29 October 2024, Harare became the stage for the Better Future Summit, a gathering of powerful voices from the United Nations, private sector, and civil society dedicated to propelling Zimbabwe's sustainable development objectives. This summit, championed by the Old Mutual Group, highlighted the essential synergy between public and private sectors in accelerating progress toward the Sustainable Development Goals (SDGs) and Zimbabwe’s National Development Strategies 1 and 2 (NDS1 and NDS2).

Dr. Ayodele Odusola, UNDP Resident Representative, captured the collaborative spirit with his observation, "The most interesting aspect of the SDGs is that every Goal and target is a business opportunity." His remarks resonated deeply as they spoke to the heart of businesses like Old Mutual, which committed USD 100 million through blended finance to renewable energy projects. This initiative is not just a financial investment but a testament to how public-private partnerships can rejuvenate Zimbabwe’s energy sector. In a rural community outside of Harare, residents now enjoy reliable, renewable energy, turning a once-dark village into a beacon of light, commerce, and hope thanks to such investments.

Old Mutual Group CEO, Mr. Samuel Matsekete, reaffirmed his company's mission to intertwine corporate strategy with sustainable development. He unveiled the Old Mutual Renewable Energy Fund, targeting USD 100 million for solar and hydro projects. These efforts significantly advance SDG 7 (Affordable and Clean Energy), SDG 9 (Industry, Innovation, and Infrastructure), and SDG 11 (Sustainable Cities and Communities). "The Better Future SUMMIT is more than just a gathering of minds; it’s a commitment to people, to their prosperity, and to a brighter tomorrow," said Sam. By aligning with the Sustainable Development Goals as well as Zimbabwe’s National Development Strategies 1 and 2 (NDS1 and NDS2), we’re dedicated to creating tangible opportunities for progress that uplift lives, protect the environment, and foster economic growth," Matsekete noted. This strategy is exemplified by new solar installations in urban areas, cutting energy costs for families and businesses alike, and empowering residents with cleaner, sustainable energy sources.

In a powerful endorsement of inclusive economic growth, Ms. Philile Masuku, ILO Director for Zimbabwe and Namibia, stressed the vital role of decent work under SDG 8. "Decent work is more than job creation; it ensures security, fairness, and dignified lives," she remarked. One poignant story from Bulawayo illustrates this: a single mother, once struggling to make ends meet, now manages a local cooperative that provides fair-wage jobs to dozens, proving how meaningful employment can transform lives and communities.

Nisha, UNESCO's Regional Director and Representative to Southern Africa, emphasized transforming Zimbabwe’s cities into sustainable urban centers. "Modern cities cannot thrive without resilient and inclusive infrastructure," she stated, pointing to cities in Africa that have successfully integrated green infrastructure. These cities serve as blueprints for Zimbabwe's urban planners and entrepreneurs ready to reimagine city spaces that are both sustainable and equitable.

Addressing health and youth empowerment, Ms. Miranda Tabifor, UNFPA Representative, shared UNFPA's commitment to maternal health and youth potential in Zimbabwe. "Our focus is to ensure that every pregnancy is wanted, every childbirth is safe, and every young person achieves their potential," she explained. Her words are backed by initiatives like mobile health clinics reaching remote areas, drastically reducing maternal mortality and offering young women opportunities to pursue education.

As Zimbabwe looks towards fulfilling the SDGs by 2030, the thought-provoking discussions and partnerships stemming from the Better Future Summit lay the groundwork for sustainable prosperity. While challenges persist, the united resolve of global and local players—propelled by innovation, inclusivity, and resilience—hints at a future where Zimbabwe will meet its developmental aspirations.

Through continued strategic partnerships, the private sector will reinforce its crucial role in promoting sustainable development and sharing in a future where both people and planet can thrive. 

As Mr. Matsekete noted, "Long-term savings lay the foundation for growth and stability, enabling households and businesses to plan for a brighter future. Together, we can make the dream of a sustainable and inclusive economy a reality."