Image Credits: The Herald
President Mnangagwa has reaffirmed the country’s economy is forecast to grow by 4,5 percent this year on the back of a robust performance in agriculture, mining, tourism and the construction sector. He said his administration was alive to the pain caused by cash shortages at banks which he pledged would be tackled with vigour and urgency, but cautioned the crisis could not be resolved overnight.
In his 2018 National Budget Statement, Finance and Economic Development Minister Patrick Chinamasa forecast the country’s economic growth rate at 4,5 percent.
The President attributed the bullish economic sentiment partly to investor-friendly reforms being pursued under the new dispensation.
He spoke of a brighter future of prosperity if Zimbabweans remain united and preserve peace.
“One of the most evident changes in the past few months has been the renewed spirit of unity, optimism and determination among our people,” said President Mnangagwa yesterday in his address to a packed National Sports Stadium to mark Zimbabwe’s 38th Independence anniversary celebrations.
“Once again we are free to dream, to hope and to believe. This new spirit has spread outside our borders and we are hugely encouraged by the goodwill our country continues to receive from around the world. This renewed domestic and foreign investor confidence has seen our projected economic growth increase from 3,7 percent last year to 4,5 percent in 2018.”
“Let us believe that our tomorrow is greater. Let us boldly and proudly sing our national anthem and fly our flag high in renewed hope and unity. Let us think big of our country,” said President Mnangagwa, quoting a biblical verse, which says, “As a man thinks in his heart, so he is”.
“Let us also speak and confess well and the very best over our country, for the Bible again says, ‘death and life are in the power of the tongue and they that love it shall eat the fruit thereof’.”
“We are well aware of the great hardships caused by the lack of availability of cash,” said President Mnangagwa.
“This is a painful and poignant issue for so many individuals and families across the country and a problem we are working tirelessly to solve.”
The President said the cash crisis would not be resolved overnight. He said their job as leaders was to honestly recognise the scale of the problems facing the nation and to create concrete plans to solve them.
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