Bright future beckons

Bright future beckons

Bright future beckons

By Chiratidzo Malinganisa -Deputy Editor

THERE is every reason for Zimbabweans to be hopeful,
especially if we consider the foundation laid by the
ZANU PF President and First Secretary Cde Emmerson
Mnangagwa’s administration.
While jobs are already being created particularly in
infrastructure development projects, principally roads
and airports construction, and power generation, more
employment opportunities are expected as the projects hit
critical moments that require increased manpower.
The bulk of the projects will be concluded by 2023, a clear
testimony that the 2018 People’s Manifesto was not just
an election gimmick and will enable development-oriented
citizens (voters) to give ZANU PF a fresh mandate to rule
and attend to any outstanding projects.
All the projects are in furtherance of Vision 2030 of an
upper middle-income economy.
When President Mnangagwa was sworn-in at a colourful
ceremony in November 2017 at the giant National Sports
Stadium in Harare, thousands of people who attended
the historic assumption of national duty by the President
wanted a turnaround in the economy’s fortunes in general
and a transformation of their wellbeing in particular.
And just over two years since November 2017, green
shoots are beginning to appear, and with them, a fresh
hope for the future.
There is no denying that some shocks have been felt in
the economy.
The forthright ZANU PF First Secretary and President, Cde
Mnangagwa, indicated there ‘would be bumps and pain’
as Government seeks to thrust the economy on a recovery
and growth trajectory.
The Transitional Stabilisation Programme (TSP),
October 2018 to December 2020, which appears to have
significantly fed-off the ZANU PF 2018 People’s Manifesto,
has brought some shocks to the economy, particularly the
disbandment of the 1:1 parity between the Bond note and US dollar.

Combined with the introduction of the two percent tax,
prices of most goods and services shot through the roof
and piled pressure on the vulnerable groups of society.
But, the masterstroke policy announced by Government to
date has been the removal of the multi-currency regime,
which has since been replaced with the Zimbabwe dollar.
Prices that were rising almost daily even in US dollar
terms, are beginning to fall, in some cases, to some of the
lowest prices witnessed since the adoption of multiple
currencies in 2009.
This has given citizens hope that there is light at the end of
tunnel, especially following the recent reduction of prices;
for example, the price of 10kg mealie meal from a high of
$107 to $50.
Despite the shocks brought about by the TSP, there have
been crucial positives particularly in the implementation of
fiscal consolidation reforms.
This has seen consistent monthly budget surpluses or
savings reaching $1,4 billion between January and August
2019.
Finance and Economic Development Minister Professor
Mthuli Ncube says the current account delivered a positive
balance of US$116,4 million during the first half of the
year, which all pointed to positive signs for restoring the
much-needed macro-fiscal stability, and elimination of
the ‘twin deficit’.
He said in complementing fiscal consolidation: “Tight
monetary policy was restored, following the reintroduction
of the local currency, and the ensuing reestablishment of a
liberalised foreign exchange market, which, is however, in
its infancy and requires strengthening.”
The 2020 National Budget which runs under the theme,
‘Gearing for Higher Productivity, Growth and Job Creation’,
has proposed a cocktail of measures that include tax cuts
and incentives for industry to enhance job creation, which
dovetails with ZANU PF’s 2018 Election Manifesto that
emphasises employment creation.
Jobs are expected to be created in the agricultural,
manufacturing, mining, tourism and service sectors as

well as infrastructural development projects.
ZANU PF also wants to transform Zimbabwe into a
regional logistics hub through the implementation of
Special Economic Zones (SEZs) and development of
Business Incubation Centres, a development primed to
usher many reasonably paying jobs
The revolutionary party also believes more jobs will be
created as more investors take up opportunities riding on
the ‘Zimbabwe is Open for Business’ mantra initiated by
President Mnangagwa on his inauguration.
Through the TSP and now the 2020 National Budget, the
Second Republic has earnestly kick-started infrastructure
projects that are expected to help in the attainment of
Vision 2030.
A number of infrastructure projects have been set in
motion, covering roads construction, electricity generation,
airports construction and distribution of clean water to residents.

Beyond job creation, the projects that the Second Republic
has embarked on will see world-class roads in the next
few years as indicated in the ZANU PF Manifesto for last
year’s polls.
The road network is already under refurbishment while new
roads are being constructed, from Karoi to Muzarabani, to
Mberengwa and to Tanganda, among other areas.
In urban areas, roads that had been left unattended by the
opposition MDC-Alliance since year 2000, are beginning to
be attended to by the ZANU PF Government.
The refurbishment of the Beitbridge-Harare-Chirundu
Highway, which has already started, is set to be concluded
in 2023, all things being equal.
Five companies have been given stretches to work on and
those that show commitment will get more stretches so
that the project is accelerated.
In terms of power generation, the biggest coal-fired
power facility in Zimbabwe – the Hwange Thermal Power
Station – which is being expanded to add 600MW, will be
completed in 2022.

The project is being implemented at a cost of US$1,5 billion
by a special-purpose vehicle consisting the Zimbabwe
Power Company (ZPC), the power generation unit of ZESA
Holdings and Sinohydro, a Chinese state-owned firm.
Upon completion, Hwange will have an installed capacity
of 1 520MW, which is almost equal to the current national
demand for electricity of about 1 400MW.
Coupled with the recent expansion of Kariba South
Hydropower Station that saw an additional 300MW to take
the installed capacity to 1 050MW, Zimbabwe will become
a net exporter of electricity in the near future.
A number of independent power producers (IPPs) are
implementing solar projects across the country, while the
2 000MW solar project entered into between Harare and
Dubai will also ensure lights are on for longer periods while
machines in industries will also be spinning.
The project is set to be implemented in two phases of 1
000MW. It should be completed in 18 months.
Concerns over power shortages and the huge sums of
money being used to import electricity would be saved and
channelled towards others areas such as fuel importation.
Another major project is the upgrading of the Robert
Gabriel Mugabe International Airport.
This project is expected to revolutionise the face of the
country in a big way.
It started in October last year and will be concluded in
three years’ time.
It brings with it employment opportunities for citizens.
The US$153 million project includes expansion of the
international terminal building and aprons, installation
of four new air bridges, a secondary radar system,
construction of a VVIP pavilion, an airfield ground lighting
system and communication systems.
This will bring Zimbabwe almost at par with a number of
countries in the world in terms of airports infrastructure
following the recent refurbishments of the Victoria Falls
International Airport and Buffalo Range Airport in the lowveld.

 

zanupf

What is ZANU PF? Zimbabwe African National Union- Patriotic Front (Zanu PF) is a total Political, Indigenous Economic Emancipation and a National Liberation Movement Package for Zimbabweans by Zimbabweans prepared to shed their blood in defence of their Sovereignty at all times. Its a liberation movement which thrives on and cherishes National Unity which has created the sound condition of Peace and Security which Zimbabwe has enjoyed and a rare gift many countries dream of. Is driven by its Democratic African Values where the leadership is accountable to the membership which elected it, hence the holding of District Conferences, the Annual People’s Conference and the National People’s Congress. Aims and Objectives To establish and sustain a society that cherishes African Values and to create conditions for economic independence, prosperity and equitable distribution of wealth of the nation. To preserve and defend the National Sovereignty and Independence of Zimbabwe. To Uphold and apply fully the rule of Law, Equality before the law and Equality of opportunities for all people in Zimbabwe, regardless of race, tribe sex, religion or origin. Continue to participate in the worldwide struggle for the complete eradication of imperialism, colonialism and all forms of racism. To support and promote all effects for the attainment of the Pan African goal for the complete independence and unity of African states. To oppose resolutely, tribalism, regionalism and forms of exploitation of man by man.

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