Zimbabwe Finance Minister says “l sleep well at night because I see the stirrings of an economic recovery”


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Zimbabwe’s Finance Minister Patrick Chinamasa yesterday told Parliament that he slept quite well at night because he foresaw the flood gates to Zimbabwe’s economic development and turnaround opening.

“I keep telling people that I sleep well because I see the stirrings of an economic recovery.  I see the entrepreneurship that in fact, is very evident among our people,” he said. 

“It is coming right across the economy and across all sectors. What is happening in the gold sector; you can ask Hon. Nduna or Hon. Matambanadzo …… Artisanal miners are now contributing 40% of our gold production.  Last year it was 21.6 metric tonnes.  40% of that came from our artisanal miners.

“If you look at what is happening with cotton and what is happening under Command Agriculture; just look at what is happening across the board, it is a very impressive record. 

“It is something that cannot happen overnight but it is already beginning to happen.  Please keep your eyes open, give it encouragement and not comment negatively on those who fail because a lot of them will make attempts, not everyone will succeed.

“Our problem is that we have a culture of laughing at failure.  Failure is a good basis for success.  It teaches you very good lessons if you want to try again,” he said.  

Chinamasa also said another problem was that people still thought in the old ways.

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The Insider

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.

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