Practical solutions needed for the economy

HARARE - President Robert Mugabe yesterday finally addressed Zimbabwe’s economic meltdown as the leader of nation and dutifully pronounced that the country’s economy has, through the largely discredited Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZimAsset), been recovering.

Yes, Mugabe’s statement is a shocker because the economy is ailing, the majority of people are living from hand to mouth, unemployment has reached scandalous levels, companies are shutting down everyday and people are dying due to lack of access to medical care.

But speaking at this year’s President’s Shoot Medal prize-giving ceremony at Cleveland Rifle Range in Harare yesterday, Mugabe assured the nation that the country’s economy is on a recovery path.

He said through ZimAsset, the economy was going to recover. But what our 90-year-old President did not tell us is where is he going to get the $27 billion needed to fund the highly-ambitious project. Mugabe’s government is struggling to pay civil servants on time and the salary bill is just around $155 million yet he still hopes to grab $27 billion from somewhere.

Yes, as the leader of a huge family called Zimbabwe, Mugabe has a right to calm the nerves of his desperate children but must produce tangible evidence that indeed the economy is recovering.

At a time when Mugabe insists that the economy is recovering, the International Monetary Fund (IMF) and economic experts say Zimbabwe is headed for a massive meltdown if government does not come up with measures to rescue the economy.

But Mugabe retains his faith in ZimAsset, which his deputy Joice Mujuru recently said will take about 40 years to start bearing fruit.

“ZimAsset will have all government and quasi-government institutions formulate their strategic action plans to be supervised through the Integrated Result Based Management (IRBM).

“IRBM is a strategic management tool aimed at effectively eradicating mal-performance. It focuses on enhancing commitment and duty consciousness in all government work-force,” Mugabe said.

He told the gathering, made up of service chiefs and ministers, that he was confident the implementation of IRBM would effectively bring about the desired success and the much-needed economic turn-around.

What this economy needs are practical solutions to resolve the economic crisis we are facing as a nation, not ZimAsset, which is merely a Zanu PF campaign gimmick which even officials in government have failed to explain.

Millions of people are looking up to Mugabe to provide them with employment, a sound economy and an improvement in liquidity.

When Zanu PF inherited the economy from Rhodesia, Zimbabwe was once viewed as the jewel of Africa but the economy is now in ruins.

Comments (4)

What practical solution for the economy? as long as Mugabe is still in power we are heading deep to the bottom of the sea of suffering finish and kla.Only idiots can expect Mugabe to revive the economy.

Diibulaanyika - 21 July 2014

Sure,only idiots expect Mugabe's miracle money to fund his dream ZimAsset. Maybe China will fund this project as it seems Zimbabwe has been recolonized by the Chinese;hence ZANU PF's plans to thank them for steeling an election.


I remember the EU at some point said,Zimbabwe was a bottomless pit. No amount of money could ever satisfy Zimbabwe's corrupt government. Now sanctions&lack of credit lines are the endless outcry but we have no clue on how we are going to repay our current foreign debt. Then who can give us their hard earned cash & because who are we???

CHIBHAKERA - 22 July 2014

Our dear leader is just like that Queen from the days of past who when upon being advised that her people were hungry and had no bread to eat, she ordered them to eat cake. At the height of food shortages around 2008, Mugabe's solution for us over mealie-meal shortages was to eat potatoes instead. So out of touch is he that he was shocked at the sight of a few potholes from Bulawayo airport into the city centre, unknown to him and fairly recently, the Minister of transport as well, that soon after the turn off into the airport, the road (if we can call it that) becomes a difficult to drive on strip all the way to Nkayi. A whole more than 130km!

Dr Know - 22 July 2014

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