Failed leadership affecting economy

HARARE - Zimbabwe finds itself in the current economic stagnation largely due to leadership failure and misplaced priorities.

Instead of channelling their energies towards economic revival, President Robert Mugabe’s Zanu PF administration is constantly chasing shadows and off late is busy concentrating on ejecting “Gamatox” members from the liberation war movement.

On his part, Mugabe has chosen to spend most of his time airbone travelling, at the expense of giving direction to his government — which is presently hopelessly running around like a headless chicken in trying to secure funds for its day-to-day activities. Since the Zanu PF-led government took over in July 2013 — albeit under controversial circumstances — we have never heard them deliberating on serious economic issues.

And this adds to speculation that the party unfairly won the elections but is clueless on how to turn around the economy. Zimbabwe, once described by African icon Julius Nyerere as the Jewel of Africa, now lies in tatters destroyed by Zanu PF’s misrule, greed and corruption in the last 35 years.

When Mugabe inherited Zimbabwe from Britain in 1980, the country had vibrant industries, internationally-acclaimed social security net and abundant natural resources, which are still not being fully explored due many factors, including lack of capital and corruption.

At the moment, the country’s economy, which is also controlled by international market forces, has degenerated to unprecedented levels over the years under a black government. Thousands of companies — including large ones such as Ziscosteel and Shabanie Mashaba — have closed shop sending millions of Zimbabweans into vending.

Yet despite this magnanimous failure, we still have a whole government that denies this ugly truth of six million vendors in the country and chose to focus on trivial issues without unveiling real economic revival packages. It must be remembered that it is the government’s failure to provide employment and its misguided indigenisation drive that has led people to the streets.

While we do not condone vending on city streets — as it has its own healthy and moral hazards — but the presence of vendors is a serious sign that the Zanu PF government destroyed the country’s once effervescent industrial base through years of misrule and bad economic policies such as the Indigenisation and Empowerment Act.

As a result of high political and country risks, serious investors are skirting the country preferring investor-friendly nations such as Botswana, Mozambique, South Africa and Zambia among other regional countries.

To take this economy forward, we propose for an all-stakeholders conference to address the multifaceted issues that are affecting the economy owing to the Zanu PF-led government’s economic mismanagement, exponential levels of unemployment and corruption, liquidity crunch and a failing economy.

    Comments (4)

    Maybe the point of winning elections is political domination, which has nothing to do with economic development?

    12345 - 29 May 2015

    If you sow corruption you can only reap corruption. Nowhere in this world will you find a corruption- infested country with a good economy. In Zimbabwe we are going to live with this desease for many generations to come - no matter who will be at the steering wheel. Ours is an unredeemable situation. We are drowning in a cesspool full of excreta of our own and we now making desperate efforts to get other people to rescue us. Comrades,now look East to our Chineese friends . Comrades we have Russia the big brother to our side. Comrades the EU is softening its stance trade gonna be flourishing again. Comrades the IMF is going to resume funding to Zim. Comrades , as a result of Zim-A-Saturn direct foreign investment is going to flood the country. Comrades we have diesel oozing from rocks in Chinhoyi , the country is soon gonna be awash with money. Comrades we have diamonds at Chiadzwa. Comrades our tobacco is the best grade in the world. Comrades billions are flowing in from diaspora - and to take care of this we have already set up indeginous businesses headed by comrade Chiyangwa to make sure that every dollar/euro/rand is put in safe hands.

    Masamba Akareyo - Tanganda - 31 May 2015

    @Masamba. You forgot the chorus to the song: IF IT WERE NOT FOR BLAIR the toilet WE COULD ALL BE HAVING TOILETS WITH RUNNING WATER.

    Sekuru Chihori Ngi-i - 31 May 2015

    @masamba. Comrade thank you comrade. As long as more money is channeled into non productive sectors (e.g. President's office) than agriculture (esp. irrigation) comrades forget about anything improving. As long as Minister Made is not fired nothing will change in agriculture comrades. As long as the President flies to Singapore for medicals rather than fly the "cataract" specialists to Zimbabwe and buy the machinery required comrades there is no hope. Comrades with this kind of leaders comrades we a doomed comrades.

    masvukupete - 1 June 2015

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