VP Mnan­gagwa ef­forts on econ­omy plau­si­ble

Chronicle (Zimbabwe) - - National News -

EDITOR — I would like to ap­plaud Vice Pres­i­dent Em­mer­son Mnan­gagwa for en­light­en­ing peo­ple on the forth­com­ing bond notes as an in­terim mea­sure to curb the cash cri­sis.

Prophets of doom have long cast a shadow of doubt on the bond notes try­ing to cause un­nec­es­sary ten­sion and panic in the run up to their in­tro­duc­tion.

The fa­cil­ity is well backed by a $200 mil­lion Afrex­im­bank fa­cil­ity which en­sures that it is op­er­at­ing within agreed pa­ram­e­ters.

The Vice Pres­i­dent asked for Zim­bab­weans to trust each other’s in­ten­tions and his calls were grounded in logic.

It is go­ing to be very dif­fi­cult for our na­tional re­build­ing ex­er­cise if we treat each other with sus­pi­cious minds all the time.

This de­lays the de­ci­sion-mak­ing process and con­se­quently the coun­try lags be­hind in this dy­namic eco­nomic ter­rain.

Arm­chair an­a­lysts also do not aid the sit­u­a­tion when they try to come up with shrewd ex­pla­na­tions aimed at ex­plain­ing what will be­fall the coun­try should the bond notes come.

These alarmists take their half backed nar­ra­tives to the or­di­nary cit­i­zens to try and cause de­spon­dency from the in­suf­fi­ciently in­formed base.

I think it is time the Re­serve Bank of Zim­babwe em­barks on a na­tion­wide out­reach pro­gramme ex­plain­ing how the Bond notes will work to dis­pel all the neg­a­tive ru­mours spread on the Bond notes.

It seems that the Vice Pres­i­dent has good in­ten­tions for this econ­omy, if his con­tin­ued con­ver­sa­tions shun­ning cor­rup­tion are any­thing to go by.

This is also the same man who has been spear­head­ing the com­mand agri­cul­ture ini­tia­tive which is meant to en­sure that the coun­try does not have food short­ages in the wake of the El Nino in­duced drought.

Truth is Zim­bab­weans need to be prag­matic in for­mu­lat­ing so­lu­tions to some of the chal­lenges they are fac­ing and the Vice Pres­i­dent has been on the fore­front of set­ting a prece­dent.

He is prov­ing to be a wor­thy ap­point­ment and we thank Pres­i­dent Mu­gabe for se­lect­ing him. He has not dis­ap­pointed so far. Cde Mab­vunga MY sin­cer­est con­do­lences to the Msipa fam­ily and the na­tion of Zim­babwe fol­low­ing the pass­ing on of Cde Cephas Msipa. He was a true gal­lant son of the soil who served his coun­try in var­i­ous ca­pac­i­ties be­fore and after in­de­pen­dence. May his soul rest in eter­nal peace. — C Moyo, Gweru

I THINK a huge part of why the public is scep­ti­cal about bond notes is be­cause for starters they have not hit the mar­ket and se­condly peo­ple still re­mem­ber the bearer cheque days. I am sure that bond notes will do good to al­le­vi­ate the cash cri­sis but peo­ple need as­sur­ance that these bond notes will not re­place their hard earned US dol­lars. — Tapiwa Kureba.

CON­GRAT­U­LA­TIONS to Charles Manyuchi for knock­ing out his op­po­nent in the first round. That was an amaz­ing feat. Manyuchi is cer­tainly the real deal and it was great to see him do­ing jus­tice on home ground. I hope this match will bring more spon­sors into box­ing in Zim­babwe so we get to see more in­ter­na­tional fights at home. — Eddy Wazara.

DY­NAMOS Foot­ball Club have never dis­ap­pointed me like this be­fore. How do you lose a three goal lead in such a man­ner? Did the play­ers just switch off or were they paid? Surely when you are three-nil up at half time you should come out in the sec­ond half and play pos­ses­sion foot­ball to make sure that the op­po­nents do not get a sniff at goal. Well done to Caps for the come­back but DeMbare has let me down. — Charles MaDem­bare

Cde Cephas Msipa

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