By Kudzai Furusa
Following the instability of the economy due to the invisible money through mobile money, the First Secretary of ZANU PF and President, His Excellency Cde E. D Mnangagwa said the New Dispensation has put a stop to this, leading the stabilisation of the economy.
President Mnangagwa said this whilst addressing the Party’s Provincial Chairpersons for all Wings at the ZANU PF Headquarters in Harare today where he explained why the economy is now stabilising.
Mobile money service providers operations were put under scrutiny following suspicions that they were dealing in underhand dealings bordering in criminality.
Government’s decision to also introduce the foreign currency resources auction system to stabilise the macro-economic environment and to stop the escalating prices pegged against a fictious run-away black-market rate also helped.
“On the economic front, we had witnessed rising cost of basic commodities caused by phantom money through mobile money. We have put a stop to this resulting in the stabilisation of macro-economic fundamentals. We shall prosecute those who were behind the instability,” he said.
President Mnangagwa went on to highlight that other than the agriculture sector and the mining sector are also key in reviving the economy.
“Mining will also be key to reviving the economy and we are looking at growing the sector into a US$12 billion industry,” said the President.
He further highlighted that in order to achieve the goals outlined in achieving vision 2030, he has appointed Vice President Constantino Chiwenga to head the economic ministries while Vice President Kembo Mohadi heads the social ministries. He further encouraged people to engage the two Vice Presidents when in need.