Zimbabwe business embraces new government

Confederation of Zimbabwe Industries (CZI) President Mr Sifelani Jabangwe

HARARE – Industry leaders have said it is now all systems go for the economy after the announcement of the presidential elections results which produced President-elect Emmerson Mnangagwa of the Zanu PF party as the winner.

The business community has largely embraced the election of Mnangagwa as Zimbabwe’s new president and expect his new government to escalate the economic trajectory he set in motion December last year.

Confederation of Zimbabwe Industries (CZI) President Mr Sifelani Jabangwe said the attainment of the 2030 middle income status vision is within sight and that work starts now, adding the private sector needs support from the new government.

“It is important that government puts up policies and measures that will help the economy to grow by at least 10 percent. For the private sector, that work starts now,” said Mr Jabangwe.

Newly appointed Zimbabwe National Chamber of commerce (ZNCC) leader Mr Takura Macheka says on top of industry’s wish is finding solution to the shortage of foreign currency which has negatively affected operations of many companies.

“Industry is reeling from acute foreign currency shortages and government should prioritise availing the resource to grow the economy,” Mr Macheka said.

CEO Roundtable Africa Chief Executive Officer, Mr Oswell Binha implored the new leadership to robustly engage divergent views to feed into creating the economic confidence needed by all.

“It is imperative that President Mnangagwa engages with all competing parties in the just ended elections to chart the way forward and this will raise hope and business confidence,” he said.

The Confederation of Zimbabwe Retailers (CZR) is looking upon to benefit from the incoming government policies.

“We are prepared to work with the new government in order to grow this economy and hope that the economic principles of the new government will benefit business,” said Mr Denford Mutashu, CZR President.

Analysts’ projected Zimbabwe’s economy to achieve double digit growth after the elections benefiting largely from political certainty which was non-existent in the past.