December 5, 2019

Private sector critical in economic reform – Zim President

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ZTN Reporter

President Emmerson Mnangagwa has called on the Zimbabwe National Chamber of Commerce (ZNCC) to be more active in the country’s economic revival agenda. 

This is in line with provisions of the Transitional Stabilization Programme which is anchored on private sector led economic revival.

“It is our expectation as government that membership based organisations such as the ZNCC should take a leading role in ensuring increased productivity in areas of exports and investment promotion,” President Mnangagwa said when he addressed delegates at the fifth ZNCC annual business review conference in Zimbabwe’s capital, Harare on Thursday.

He added: “ZNCC must drive the increased productivity agenda, through clear foresight and the appropriate appreciation of the vision of our country. It would be most unfortunate if the chamber fails to harness the vast opportunities in our country. The focus and discourse should be around what is possible.”

The President called on all stakeholders to work hard to achieve the goals of Vision 2030 – to have an upper-middle income economy in Zimbabwe.

“The national agenda requires collaborative effort from all stakeholders, partners and the business sector in particular. You remain an integral part in our reform process as we peruse private sector led economic development,” President Mnangagwa said.

Meanwhile, Finance and Economic Development Minister, Professor Mthuli Ncube said the era of austerity was over.

“Let me assure the nation that there will no longer be any shocks on the market. We are done with most of the reforms and we are now focusing on boosting productivity in the country,” Professor Ncube said.

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