Two months into Emmerson Mnangagwa’s presidency, Zimbabwean business, industry, farming and media representatives say they are cautiously optimistic that the new President could turn around the country’s sclerotic economy – and may deliver sufficient economic gains in the next few months to triumph in elections expected in four or five months.
The Parliamentary Portfolio Committee on Higher Education, Science and Technology Development has urged the government t upgrade local universities to international standards so that students being awarded scholarship to study abroad can study at local institutions and save foreign currency.
More than 60 percent of the Zimbabwean economy is informal making it the one of the biggest in the world, a recent study by the International Monetary Fund (IMF) has shown.
Movement for Democratic Change leader Morgan Tsvangirai is fine, “there is no need to panic”, his spokesman Luke Tamborinyoka said today.
The Zimbabwe Revenue Authority (ZIMRA) collected a record $40 million at Beitbridge Border Post during December last year, an official has said.
Zimbabwe President Emmerson Mnangagwa’s promise to deal with corruption and its effects on the economy is said to be on track‚ but opposition parties say he should be the first to declare his interests.