Categories: Top story of the day

Mugabe certain ZimAsset will bring about recovery

President Robert Mugabe today assured the nation that his government’s economic blueprint for the years 2013 to 2018, the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZimAsset), will bring about the much-needed economic recovery. Speaking at a prize giving ceremony for security forces, Mugabe said: “Let me assure our people that the country’s economy is on recovery path. Government is going to employ several measures aimed at achieving desired results. ZimAsset will have all government and quasi-government institutions formulate their strategic action plans to be supervised through the Integrated Results-Based Management. IRBM is a strategic management tool aimed at effectively eradicating mal-performance. It focuses on enhancing commitment and duty consciousness in all government work forces. The implementation of IRBM should effectively bring about the desired success of our economic turnaround.” Reports say that the government needs US$27 billion to implement ZimAsset an amount that the government does not have at the moment as it is going through a liquidity crisis. But studies have shown that Zimbabwe has the fastest growth potential in Africa.

(35 VIEWS)

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Share
Published by
Charles Rukuni

Recent Posts

ZiG loses steam, falls against US dollar for five consecutive days

The Zimbabwe Gold fell against the United States dollar for five consecutive days from Monday…

November 22, 2024

Indian think tank says Starlink is a wolf in sheep’s clothing

An Indian think tank has described Starlink, a satellite internet service provider which recently entered…

November 18, 2024

ZiG firms against US dollar for 10 days running but people still do not have confidence in the currency

Zimbabwe’s new currency, the Zimbabwe Gold (ZiG), firmed against the United States dollars for 10…

November 16, 2024

Zimbabwe among the top countries with the widest gap between the rich and poor

Zimbabwe is among the top 30 countries in the world with the widest gap between…

November 14, 2024

Can the ZiG sustain its rally against the US dollar?

Zimbabwe’s battered currency, the Zimbabwe Gold, which was under attack until the central bank devalued…

November 10, 2024

Will Mnangagwa go against the trend in the region?

Plans by the ruling Zimbabwe African National Union-Patriotic Front to push President Emmerson Mnangagwa to…

October 22, 2024