By Alois Vinga
Government is working on plans to set up provincial economy structures in a move aimed at streamlining economic growth in line with geographical economic activities.
Addressing guests during the just ended 2018 edition of Zimbabwe Agricultural Show, President Emmerson Mnangagwa said his new government was planning to develop the economy through the provincial structures.
“Under my administration, provinces are required to plan and develop their economies towards defined provincial gross domestic products (GDP) which will subsequently contribute to the national GDP.
“As patron of the Zimbabwe Agricultural Society, I will seek to reform and strengthen this concept of agricultural shows by linking them to provincial economies, a feature that will be given priority under my administration,” he said.
The newly elected leader noted that in order to accelerate the concept of provincial economies, Zimbabwe Agricultural Society and other provincial show societies should introduce Agro-Business Conferences as platforms to promote investment and productivity, within the respective provinces.
However, renowned economist, Aenias Chuma described the initiative as not important if other pertinent issues are not considered.
“It is not an important move because the whole chain of barriers to the ease of doing business have not yet been addressed. There exists internal provincial differences and conflicts among the inhabitants of these provinces makes and it difficult for them to work together under the provincial economy banner. Apart from that, the legal pieces of legislation that have stood in the way for the ease of doing business in the country are still in place hence the need for the new government to focus on more critical issues first in order to create a level playing field,” he said.
Chuma underscored that several inconsistencies such as getting the policies to work properly and making sure that institutions like Zimbabwe Revenue Authority and other parastatals become aligned to gain public confidence are key in resuscitating the economy.