Parly speaker wants speedy im­ple­men­ta­tion of in­vest­ment deals

Chronicle (Zimbabwe) - - Front Page - Nduduzo Tshuma Po­lit­i­cal Ed­i­tor

THE GOV­ERN­MENT should craft pro­vi­sions to en­force timeous im­ple­men­ta­tion of in­vest­ment deals fail­ure to which line min­istries in­volved should be taken to ac­count, the Speaker of Par­lia­ment Ad­vo­cate Ja­cob Mu­denda said yes­ter­day.

Ad­dress­ing the 2019 pre-bud­get sem­i­nar in Bu­l­awayo, Adv Mu­denda called on rel­e­vant Par­lia­men­tary port­fo­lio com­mit­tees to fol­low up on the deals to en­sure speedy im­ple­men­ta­tion.

He fur­ther called on com­mit­tees to stim­u­late de­bate on how the bud­get can be used as a tool for the in­dus­tri­al­i­sa­tion of the econ­omy in or­der to cre­ate jobs and in­crease the rev­enue base.

“In this re­gard hon­ourable mem­bers and min­is­ters, to­gether let us fight the dis­ease of in­er­tia, we sign agree­ments that Zisco should be re­ha­bil­i­tated, the im­ple­men­ta­tion pe­riod is anath­ema to eco­nomic busi­ness.

“If Zisco does not arise, in­dus­tri­al­i­sa­tion in terms of steel spread will not hap­pen. The Na­tional Rail­ways of Zim­babwe has done well to be re­sus­ci­tated but it must carry coal from Hwange but Hwange Col­liery is in a mess. Now, be­cause Hwange Col­liery is in a mess what will NRZ hav­ing been re­vi­talised carry to Zisco? Zisco, which re­mains dor­mant and this big bil­lion­aire in­vestor.

“We need the pick to be thrown at Zisco on the ground so that that money we hear is in bil­lions should start re­sus­ci­tat­ing Zisco then Sable Chem­i­cals will wake up, Zesa will pro­vide the suf­fi­cient elec­tric­ity,” said Adv Mu­denda.

“You can’t talk of in­dus­tri­al­i­sa­tion where these syn­er­gies don’t speak to each other. Hon­ourable Min­is­ter of Fi­nance, crack the whip, let us crack the whip, where a deal has been signed say for min­ing, why should we wait an­other six months, an­other one year, wait­ing for what, so there was no good in­ten­tion of in­vest­ment in our coun­try.

“Per­haps through the Min­istry of Fi­nance, let us have a deal struc­ture unit that en­sures that what ever deal is signed for is im­ple­mented im­me­di­ately, jobs are cre­ated, eco­nomic growth is es­tab­lished and Par­lia­ment must bring the ex­ec­u­tive to ac­count in that re­gard”.

Adv Mu­denda said one key de­vel­op­ment that has suf­fered from in­er­tia is the es­tab­lish­ment of one stop shop in­vest­ment au­thor­ity that has failed to take off since 2010.

Adv Mu­denda how­ever, said Pres­i­dent Em­mer­son Mnan­gagwa has in­cluded a pro­posed bill to es­tab­lish this one stop in­vest­ment cen­tre to be tabled in the 9th Par­lia­ment.

“It is my hope that as soon as we get to Harare, you as com­mit­tees look for that list of 30 pro­posed bills and choose the ones that be­long to your port­fo­lio com­mit­tee, once you have cho­sen, fol­low the line min­istries and say where is the bill and give them time­lines when they should bring those bills for tabling,” he said.

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