Economic Advisory Council for Zimbabwe

President Emmerson Mnangagwa. Photo: Reuters

Johannesburg, South Africa (ADV) – Zimbabwe is intensifying the fight to improve its economy as it has mulled an idea to set-up an Economic Advisory Council (EAC).

This was announced by President Emmerson Mnangagwa during the opening the Zimbabwe National Chamber of Commerce (ZNCC) Fourth Annual Business Review Conference in Harare recently.

The conference was held under the theme: “Enterprise Development, Corporate Entrepreneurship and Sustainable Development” and it provided a platform for different stakeholders in the business sector and Government to exchange notes on socio-economic growth and the country’s industrial growth.

“We are in the process of setting up an economic advisory council,” said President Mnangagwa.

“My Government remains committed to consider your ideas and suggestions in the building of the Second Republic and a Zimbabwe we all want for present and future generations. The responsibility is ours together. Let us work in peace, unity, love and harmony. Government is aware of the challenges that have weighed on business”.

The EAC which will be a non-constitutional, non-permanent and independent body is expected to give economic advice to the Government of Zimbabwe, specifically the President.

It will advise him on economic issues like inflation, microfinance, and industrial output among other economic related issues.

The government also aims to transform citizens from economic doldrums.

“The recently launched Transitional Stabilisation Programme (TSP) is an important instrument on which the aspirations of Vision 2030 are anchored, underpinned by values and objectives which include broad based citizen participation in national and socio-economic development programmes, political and economic engagement and re-engagement with the global community and creation of a competitive and friendly business environment. The TSP aims for enhanced domestic and foreign investment and an aggressive fight against all forms of corruption,” said Mnangagwa.

Mnangagwa further mentioned that the Government was ready to work in coherence with the private sector for a worthy cause for everyone.

“We are eager to be consistent and, in doing so, we want to take the private sector on board. Whenever we change, we must agree together that this policy we have adopted is not suitable. There should not be ‘them and us’. It has to be always ‘us’ as Zimbabweans.

“We will continue to improve the economic environment by attending to the ease and cost of doing business and other reforms to ensure business thrives. The amendment of our indigenisation laws and the recently-approved Diamond Policy will undoubtedly spur the resuscitation and growth of the mining sector. Equally, various policies under the Ministries of Industry and Commerce, Lands, Agriculture, Water, Climate and Rural Resettlement, Energy and Power Development, Transport and Infrastructure Development, Higher and Tertiary Education, Science and Technology as well as Foreign Affairs and International Trade, among others, should see investment growth and marked improvements in the performance of all sectors of our economy,” he added.

The president also applauded ZNCC for embracing the ‘Zimbabwe is open for business’ mantra by leading and hosting business delegations from other countries and signing MOUs for economic and technical cooperation.

Also present at the conference was Industry and Commerce Minister Mangaliso Ndlovu, senior Government officials, ZNCC president Tamuka Macheka and delegates from Nigeria among others.

© Bur-csa – N.W / From our regional correspondent Mkhululi Chimoio – African Daily Voice (ADV) – Follow us on Twitter: @ADVinfo_eng