ED worries over state of business as elections loom 

Source: ED worries over state of business as elections loom –Newsday Zimbabwe

President Emmerson Mnangagwa

President Emmerson Mnangagwa is “worried” about the state of business ahead of the elections, and has ordered Finance minister Mthuli Ncube to investigate the affected sectors.

Mnangagwa made the remarks at the inaugural ED Mnangagwa Business Summit that was held in Harare yesterday.

Most of the presentations made at the summit, namely tourism, infrastructure and the agro-industry, complained about failure to raise capital, distorted pricing and foreign currency unavailability.

“Ncube is here. I request you to obtain soft copies of each presenter so that we can re-examine these presentations in Cabinet,” Mnangagwa said.

The meeting comes as the business community has complained about government’s hawkish fiscal and monetary policies.

Such policies have caused capital to shrink, investors to spurn the country, the Zimbabwe dollar to rapidly lose value and fuelled inflation.

Presenting challenges on the infrastructure sector, Zimbabwe Construction Industry Association president Tsitsi Dzvukamanja said there was a need to resuscitate the sector for job creation and investment.