'Economic rebound possible'

HARARE - African Sun Limited chief executive officer, Shingi Munyeza says there is enough wealth in Zimbabwe to turn around the economy, currently on a downward spiral.

The business executive, who heads one of the biggest hospitality groups in Sub-Saharan Africa, said this during a builders’ conference held at the Apostolic Faith Mission (AFM) Belvedere Assembly on Monday night.

“There is enough wealth in Zimbabwe but we have not walked in the fear of God to turn around this economy,” Munyeza said.
Zimbabwe has the world’s second-largest platinum reserves and several mineral deposits, including gold, diamonds, chrome and coal, but mining has failed to attract investment as foreign investors are edgy over President Robert Mugabe’s empowerment policies.

Honoured recently with a doctorate degree by Solusi University for his sterling contribution to business development in the tourism sector, Munyeza said what the nation needed at this trying time — characterised by a liquidity crunch — was to move towards action than talk.

The 48-year-old, who is also a senior pastor with Faith Ministries, said; “The nation is looking for a difference in behaviour and not a difference in talk.

“I wish Zimbabweans could take the time to just get on with it.”

Munyeza quoted Nehemiah 2; 17-18 which refers to a time when the children of Israel needed to build the temple. They not only talked about re-building but actually participated in the rebuilding exercise.

Munyeza also challenged Zimbabweans to contribute to economic recovery by changing the way they do business, sticking to Christian values which do not condone ills such as corruption.

AFM Belvedere Assembly pastor Kurai Matimba, host of the builders’ conference which runs through to July 27, concurred with Munyeza.

Matimba said the Christian community in the country had the answers to Zimbabwe’s economic woes.

“Our country is blessed with mineral wealth but things are not the way they are supposed to be,” Matimba said.

“There is so much suffering. The builders’ conference is coming from a background where you find that there is a lot of distraction.

“But the word of God has answers, he (Jesus) is going to come and crush the head of the serpent.”

The International Monetary Fund has noted that Zimbabwe is going through a fragile economic situation characterised by a growth slowdown, a large external deficit, and low international reserves, the group said in a statement following a visit to Zimbabwe early last month.

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