Zim needs the West: Minister

Zimbabwe needs global assistance to achieve economic growth, the new Minister of Industry and Commerce has admitted.

Mike Bimha: Zimbabwe needs the global family.
Mike Bimha: Zimbabwe needs the global family.

Speaking exclusively to The Zimbabwean this week on the side lines of a meeting with a Namibian business delegation, Mike Bimha admitted that there was no way the country would succeed without assistance from international institutions such as the IMF, the World Bank and western countries.

Asked whether business pacts with Namibia would substitute the role of Western countries and international financial institutions towards Zimbabwe’s economic recovery, Bimha said: “The Zimbabwe-Namibia business deal is just a component of the economic recovery process and that is the reason why we continued to engage global families,” he said. “We need international cooperation to complement regional efforts.”

At the meeting, the Zanu (PF) Deputy Minister of Foreign Affairs, Christopher Mutsvangwa, raised alarm among local businessmen when he came out strongly against government protection of the manufacturing industry. The outspoken former Ambassador called on government to open up economic investment to able competitors from China and other countries.

The chief executive officer of the Namibia Chamber of Commerce and Industry, Tarah Shaanika, said Zimbabwe should unreservedly clarify its position on the indigenisation policy and the lack of available power.

The government recently said it would be flexible on indigenisation and promised not to apply a one size fits all approach.

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