Cabinet tackles economic challenges




monica-mutsvangwa-cabinet

Today’s cabinet meeting proffered ways of dealing with challenges affecting all sectors across the economic spectrum and reviewed achievements from last week’s government interventions.

Speaking during the post cabinet media briefing at Munhumutapa offices in Harare this Tuesday, the Minister of Information, Publicity and Broadcasting Services Cde Monica Mutsvangwa acknowledged the increase in the supply of basic goods to the benefit of citizens.

“The government has achieved important milestones in the economy as evidenced by the gradual return to normalcy in the supply of basic commodities as well as fuel supply,” she said.

Fuel queues which had become a common feature have all but disappeared as the fuel supply situation improved following President Emmerson Mnangagwa’s revelation during last week’s politburo meeting that more resources had been channelled towards fuel purchase.

The Minister of Energy and Power Development Cde Joram Gumbo revealed that the drastic measures taken against errant fuel dealers will potentially reduce illicit and shady deals in the fuel industry.

Realising the continued delay in the dualisation and expansion of the Beitbridge-Harare-Chirundu highway, the cabinet resolved that work immediately starts with the use of local companies and resources whilst negotiations with Chinese investor, AFEC continue.

The Minister of Industry and Commerce Cde Mangaliso Ndlovu submitted that his portfolio will look at the establishment of the seed regulatory framework in the wake of unjustified seed price increases as well as finding lasting solutions to the supply of critical inputs for industry, including agriculture.

The Minister of Finance and Economic Development Professor Mthuli Ncube said the steep price increases experienced in the last few weeks will be contained as the economy in general and markets in particular will find their own balance or equilibrium.

Minister Mutsvangwa also said the government will keep the dialogue with industry and business alive, which began when the President hosted captains of industry in Harare yesterday and will continue in order to ensure concerns of industry and consumers are taken into account for the benefit of all.

The post-cabinet media briefing is held after every cabinet sitting to ensure transparency and government accountability to its citizens.




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