Madam Speaker Ma’am, I will also now move to the Movable Property Security Interest Bill which seeks to increase access to credit for the majority of our emerging entrepreneurs. I would want to thank the President for taking this move of having this Bill brought to this House as this is going to alleviate problems of collateral especially for the women who are the majority of the entrepreneurs who do not have immovable property since most of the land, houses and buildings are owned by men. Women end up not getting loans because they do not have collateral but with the coming in of this Bill, I think most women will now be able to access loans from the bank and grow their businesses. All entrepreneurs out there have been waiting for this move Madam Speaker Ma’am.
The new Companies Act which is going to be tabled in this session is most welcome because there is a lot of bureaucracy involved in registration and smooth operation of new businesses. Some investors end up giving up mid way. There is need for one-stop-shop to speed up some of these processes.
I am pleased Madam Speaker Ma’am that the President in his speech, emphasised the issue of boosting local power generation capacity. The Kariba South Power Expansion Project is near completion with 150MW expected to be ready by December 2017. The Hwange Power Station Expansion Project and the Dema Diesel Power Generating Plant will also improve the generation of more electricity in this country and this will see mostly our farmers improving their activities at their farms – high production of wheat which is sometimes deterred by shortage of electricity. Production in the industries will now be 24 hours as there will be no shortage of security. With high production, there will be high GDP in this country and the economy will grow.
In conclusion, it is pleasing to note that the President continues to preach messages of peace and tranquility. It is important for the Zimbabweans to maintain peace and tranquility for economic and social development in this country. Since the President is always on record of preaching peace, everyone should actually sign up to preach peace from our various constituencies as Members of Parliament and also as Zimbabweans at large. I thank you.
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