adminEnterprises Restructuring Agency executive director Mr Edgar Nyoni said when operating efficiently, parastatals could contribute significantly in economic transformation.
“SEPs play a critical role in spearheading the country’s socio-economic development, which ultimately results in improved general welfare of all citizens,” he said.
Mr Nyoni said Government had a strategic vision and focus to accord SEPs a macro-responsibility as enablers and significant players in the various sectors of the economy.
“This has led to the profound presence of parastatals in almost every sector of the economy ranging from telecommunications, energy and power, agriculture, manufacturing, mining and transport,” he said.
Mr Nyoni said restructuring State enterprises would attract investment, which would resuscitate the sector.
“It is part of Government’s ongoing economic transformation programme being undertaken through the Medium Term Plan 2011-2015. Under the
MTP restructuring of SEPs is prioritised as a national goal that anchors many of the deliverables expected in the blue print,” he said. Zimbabwe has 78 State enterprises that according to some official figures saw an inter-parastatal debt rising by 69 percent to US$1,5 billion in six months to March this year. — New Ziana.
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