Zim moves to mend relations

18
862

ZIMBABWE is taking positive steps in addressing economic challenges by mending relations with key institutions and blocs.

VICTORIA MTOMBA
BUSINESS REPORTER

This has seen visits into the country by delegations from the United Kingdom and the European Union (EU) lifting trade and aid embargo on Zimbabwe.

Prior to that, the International Monetary Fund (IMF)
had agreed to a supervised economic reform plan, the Staff Monitored Programme (SMP) on Zimbabwe.

Last week, Zimbabwe received a five-member British trade delegation on a scouting mission after 20 years of non-engagement between the country and its former colonial master.

The delegation was in the country to see how it could help Zimbabwe by funding some of the clusters under the economic blueprint, the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZimAsset) clusters that include infrastructure, power, food security and value addition.

ZimAsset requires a funding of $27 billion.

Chinamasa told the British delegation that Zimbabwe should create a conducive environment to lure investors.

“It’s not an event, it’s a process. I am very optimistic that we are going to make it. Our problems are not insurmountable. When we wake up, we will be like a sleeping giant,” Chinamasa said.
EU head of delegation ambassador Phillipe Van Damme said the removal of appropriate measures by the bloc was a step in the right direction.

“It is a very important step, things will not change overnight. We have to find confidence-building measures and complete normalisation of relations,” he said.

At a Press conference in the capital recently, IMF Africa director Antoinette Sayeh said the economic conditions remained difficult and there was need to build confidence in the financial services sector as well as enhancing the business environment.

Sayeh said the country’s future was bright as long as it followed measures under the SMP and investigated whether there were no ghost workers on the payroll.

Since the beginning of the year, the government has engaged with prospective investors from China, Russia, Europe and other countries.

Investors from China and Russia signed deals with the government.
Chinamasa visited China three times this year in a bid to revive relations after the country has been receiving funds from China and failing to repay them.

The Russians signed $3 billion worth of platinum projects with the government.

This year has really been a hype of activity for Zimbabwe.

18 COMMENTS

  1. Its high time minister Chinamasa take action on this case of ghost workers.If he boots all the ghost workers out of the system everything will go well.The government must also revise the indegenisation policy which was done in a corrupt manner by Tsotsi Kasukuwere.

    • GOOD ADVICE: do something for yourself, for your family. Don’t waste your time talking about these already rich politicians while you are poor. Other people are enjoying their lives with money without even paying attention to these dirty politicians. See how this poor Zimbabwean woman became a millionaire just by buying and selling accidented vehicles. Very interesting. Go to ACCIDENTEDVEHICLES dott COM to see all the 5 companies that she was using to do this. ACCIDENTEDVEHICLES dott COM , Wake up African people

    • The same “Tsotsi Kasukuwere” was responsible for flooding the Civil Service with his ghost workers from his BG Academy; unqualified, untrained and without a job description to suit the Public Service. This is one of the biggest challenges facing Chinamasa and Gershom Pasi.

    • GOOD ADVICE: do something for yourself, for your family. Don’t waste your time talking about these already rich politicians while you are poor. Other people are enjoying their lives with money without even paying attention to these dirty politicians. See how this poor Zimbabwean woman became a millionaire just by buying and selling accidented vehicles. Very interesting. Go to ACCIDENTEDVEHICLES dott COM to see all the 5 companies that she was using to do this. ACCIDENTEDVEHICLES dott COM , Wake up African people

  2. There are almost 78 000 ghost workers in the system so wake up Patrick Chinamasa ,it shall come time when yu are not going to pay the Public service department.chase them away and mend the relationship with the west.Wake up pliz Patrick

  3. The old man losing his mind yesterday he tells the white Man to go back to Britain today he gets onto his knees with his begging bowl and begs for money from the British .
    At leased he knows who really butters his bread .

  4. AH WHAT NONSENSE and drivel this is, just cheap propaganda talkshops…the real game changer is with Mugabe and his dynasty

  5. my co-worker’s mother-in-law makes $89 every hour on the laptop . She has been unemployed for seven months but last month her pay was $19304 just working on the laptop for a few hours. Read Full Article,.,,,,, paygazette.cᵒm

  6. Chinamasa you know Saviour blotted the civil service and you know part of your vote came from these ghost workers that is why you are not acting, but do you know if you make this economy right the civil service can be easily trimmed and also everybody gets enough to live a cmfortable life ghost workers will disappear, you tell me you don’t know those who are receiving 50 pay checks every month, then you are sleeping on duty. Which faction are you kkkkk?

  7. Mr chinamasa u are working hard but please i beg u get rid of the ghost workers. U ar the minister of finance ar u not aware of the ghost workers who ar stealing millions of dollars? Plz send your team to investigate and root them out. They ar a big contribution to the failure of the economy

  8. It is good to have investors coming in to our country to help grow the economy but there are a lot of things that we could be doing to stimulate economic activity and domestic investment.We need to address the root causes of the economic hemorrhage that has seen so many businesses close and many jobs lost in the process as a matter of urgency.Minister, you need to take the bull by the horns and deal with these issues by seeking the cooperation of all the stakeholders and agree on a workable programme of action. Let us prune and grow.The cost of goods and services are way too high for the economic environment that we have at the moment.If we could agree as a nation to adjust wages,prices, rents and cut the size and cost of government, among other measures,we would have created the necessary conditions for a rejuvenation of economic activity.Let us all sacrifice from the ordinary person to the high and mighty. We need statesmen and not mere politicians. Mashefu be the first ones to take salary cuts and forgo those huge cars and other perks for a while until we are up and running again. Demonstrate political will for the sake of the nation.How about that?

Comments are closed.