Industrialist speaks on new government expectations

United Refineries MD and Zimbabwe Investment and Development Agency Busisa Moyo

BULAWAYO – As the new government takes shape after the elections, the business community eagerly awaits appointments to key ministries for engagements on the new strategies to move the country forward in an accelerated economic drive.

Renowned industrialist and businessman Mr Busisa Moyo says there is an urgent need for reengagement for finance, markets and technology development.

He says government has to engage creditors, especially those whose agreements were violated to regularise the country’s arrears and deal with the external debt.

“As a country, we have to re-engage for access to markets, finance and technology. We also have to engage our creditors and regularise our debt, this is critical as we move forward, the two billion in arrears must be structured because it has impact on our operations,” he said.

Mr Moyo called for a comprehensive economic revival plan that must focus on key economic sectors like agriculture, agro-processing, industry, mining and services like banking and information communication technology.

“The economic revival needs a comprehensive strategy that takes into account the key sectors where small scale miners must grow to become middle scale miners and farmers become large scale producers. We must move the production levels to become big producers and have an expanded production chain,” Mr Moyo said.

He called for consensus building with government so that the programmes can relate to the needs of industry as the country works towards the vision of attaining a middle income economy by 2030.

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