adminSithandazile Moyo Business Reporter
THE civic society has urged the government to come up with strategies that will attract foreign investment to implement the Zim Asset document.Speaking at a civic society ZimAsset stakeholders meeting in Bulawayo last week, policy analyst Butler Tambo said it was important for the government to explore and research on the country’s mineral wealth to allow investors to have full knowledge of what their investment is worth.
“It is very important that the government does explorations and research on the minerals that we have as a country so that even when an investor comes, they know what and how much they are investing on and this will boost investor confidence,” said Tambo.
He said Zimbabwe needed a lot of money to implement and achieve the goals stated in the ZimAsset.
“This policy needs a lot of money for it produce and achieve desired results and we can only get those funds from foreign investors,” he said.
Tembo said there was great need for infrastructural development that would help to reduce production costs to make local products competitive on the market.
“There is need to work on our infrastructure especially railway lines to enable manufactures and farmers to transport either raw materials or the finished products to different places in order to reduce production costs,” said Tambo.
He said there was a need for government to prioritise mining and agricultural sectors, as they were the backbone of the economy.
“If the government can prioritise mining and agriculture, it will be easy to attract more investors because these sectors are growing fast,” he said.
Tambo said cooperation between the public sector and private sector was important if the country wanted to attract more investors.
“Cooperation and involvement of all sectors, the private, public and civic sector is needed to attract more investors,” he said.
Speaking at the same meeting Bulawayo Zanu-PF secretary for administration Elifasi Mashaba said the government was determined and prepared to work hard to fully implement the policy and bring results.
“The government is ready to implement and make sure that this policy yields desired results that will see growth in the economy of the country,” he said.
He said vision and determination was what was important if people expected the ZimAsset policy to work.
Online Reporter