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Zimbabwe: Ncube meets business leaders looking for common ground with stakeholders

FINANCE Minister Mthuli Ncube started as a Treasury of the country with a meeting of 50 of the country's best businessmen in attempts to gauge the worries of business.

An e-mail statement from an employee in Ncube's office, who identified himself as Rosemary Glynn, confirmed the development and hinted that the minister also had more meetings with other key stakeholders in the economy.

"New Zimbabwe Minister of Finance Professor Mthuli Ncube has started a listening and advice roadshow with stakeholders, starting with a private meeting with captains of industry," she said.

"Today he met fifty chief executive officers from the leading companies in Zimbabwe to discuss and listen to the challenges they face in Zimbabwe.

"Issues raised by the leading Zimbabwe Presidential Directors who met with Professor Mthuli Ncube today include unaffordable financing costs, a shortage of foreign currency, high import duties, a non-competitive business environment and bureaucracy."

Some of the executives who met the Minister included Anglo America, British American Tobacco, Commercial Bank or Zimbabwe, CDF Investments Trust, Chamber of Mines or Zimbabwe, Confederation of Zimbabwe Industries, Delta, Dulux Paints, Ecobank, EcoCash, Econet, Fast JET and FBC Bank among others.

According to the ministry, the captains of industry discussed possible solutions to the challenges that business leaders encountered in their activities.

Ncube has allegedly provided guarantees that it will take into account the problems raised and proposed solutions, while resolving its mandate to make Zimbabwe a middle-income country by 2030, as President Emmerson Mnangagwa has in his many public addresses. adopted.

The business community in the country has been working with the government to allegedly make a few policy announcements that were not sensitive to the expectations of both the business community and the ordinary man on the ground.

The development marks a breaking point of the country's dominant top-down leadership style that has been used since independence.

Ncube, who has taken over the management of Patrick Chinamasa, has expressed his confidence that he will reverse the economic setbacks of the country despite years of underperformance.

On the other hand, Zimbabweans who are optimistic about the qualities to transform the nation speculate that he may not receive the necessary political support needed for the implementation of radical economic policies.

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