Emmerson Mnangagwa wants to revive Zimbabwe's economy
Emmerson Mnangagwa says that the revival of the economy is still top priority for his government

Ever since President Emmerson Mnangagwa came to power in November 2017, he presented himself as a reforming man, a man to revive Zimbabwe’s ailing economy. He has spent a lot of energy on re-engagement with the West, with the British having fallen in love with him already. He claims it’s time Zimbabwe changes.

When he spoke at the “Old Mutual Anchoring in Africa” dinner that took place in Harare on Tuesday, he said that his administration will continue to prioritise the revival of the economy, which is several years behind when compared to those of other countries. Mnangagwa said that his government was committed to easing the cost of doing business in Zimbabwe.

Zimbabwe is open for business

“We have committed ourselves as government to adopt an open door policy underpinned by transparency with the speed to improve the ease and cost of business in the economy. We have in the past spoken about the need to improve our status in the competitive environment. To this end, we are determined to focus our collective attention to improving the business environment, removing bureaucratic bottlenecks and exorcising the ruinous spirit of corruption among society,” he said.

“My government continues to give the economy top priority having lagged behind for many years including in agriculture, mining, infrastructure development, service provision and finance. My government adopted the mantra ‘Zimbabwe is open for business’ as a rallying call to usher in a new impetus required to drive an economic renaissance of our motherland.”

Does he really mean it?

Given the nature of ZANU-PF, seeing through Mnangagwa’s seriousness is a bit difficult. This becomes even worse when one looks at the party’s manifesto, which is laden with some improbable promises. ZANU-PF has a tainted history of failing to fulfil its promises.

Things are still pretty much bad. The cash crisis has gone nowhere, production is terribly low, poverty is rife, unemployment is  frustratingly high, government expenditure is debilitatingly extreme, the economy is depressed.

So, does he really mean it? In an article on TechZim, Zimbabwe was said to be one of the hardest places to conduct business on earth, and that it was more corrupt that Nigeria. ED has failed so far to deal with these problems.

With elections so close now, does he really mean it?

Same old system

Putting trust in the ZANU-PF government led by President Emmerson Mnangagwa is a huge task. Their performance so far shows that they are still the same old system.

If business is to improve in the country, then some major reforms have to be implemented fully with the enough will to do so.

3 COMMENTS

  1. In 2018,old africans with minds of 1960s must step down for youths who sees the reality of today’s world. To forge a different path of peoples owned economy.this cap in hand slogan of foreign investment simply means foreign take over.when will african begin to manufature car engines.when the very raw materials ie iron ore is beeing sold off to china.india at peanut prices. This foreign investment thing is a GUARRANTOR
    For eternal economic slavery. Which translates to himan slavery.

  2. Managwa isnt an economist,what does he
    Knows about economy. Its all about personal power and imf khazar bank sell off and more poverty as a result

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