Thread by @malaikadiva

Okay, here at @ChathamHouse waiting to hear @MthuliNcube has to say about Economic Reform & Recovery in #Zimbabwe
#CHAfrica

It’s a very packed house! Pple are clearly interested (or amused)

@MthuliNcube takes podium. New dispensation working towards vision 2030 - where Zimbabwe will be a middle income economy.

@MthuliNcube made sure to make all aware - he’s been in post for only a month 😬 & today is his birthday

Vision is to move away from a pay as you go pension scheme to a more formal structure. Defined benefit scheme of sorts

(My thoughts: Interesting because most countries which offer DB pensions are moving away 🤷🏾‍♀️)

Projecting significant growth in Mining

@MthuliNcube - these projections give Gvt an indication of which sectors to support and bolster. Keen to let private sector get on

Adopting @nelsonchamisa’s SMART Agriculture policy

Says Zimbabwe is under explored. Zim has lithium, a wealth of resources

Retooling industry will be key. He says right now managing industry is tough

Says crowdfunding for Cholera was successful - only didn’t go down well with diaspora but it was voluntary..

Housing policy will be key

About 40 pieces of legislative amendments for new Gvt in the next 2 years - including:

Says they are very serious about privatisation. Some of this may be used to capitalise Gvt mention (thinking very early on this)

POSA & AIPA to be removed
Elections were peaceful

Land Reform - plan to compensate white farmers.

Ncube says the market is already self dollarising and he won’t argue with the market.
Issue is choreographing and the time it would take to de-monitise the bond.

Question from @ZimEye about property rights and continued political violence which may undermine his economic recovery efforts

Ncube - Gvt committed to observing rule of law. Not in a position to deny allegations of political violence

Question about missing billions from diamond sector

Africa doesn’t need aid - needs to plug the holes

@Wamagaisa (sorry Alex, only got the back of your head)
There’s still a need to re-engage domestically re legitimacy issue

@MthuliNcube response to @Wamagaisa re New dispensation being legitimate.

@MthuliNcube trying to take a selfie with me but I was busy☺️

w/ the BSR maestro @Wamagaisa

I couldn’t capture everything but a few more things. There was a question around deposit safety. How safe are current accounts? Mthuli said FCA accounts ARE safe and not to be raided.
Interesting distinction.
Most pple don’t hv FCA accounts.

Question about commonwealth re-entry. Mthuli said Gvt is committed to rejoining.

Also acknowledged Gvt wasn’t prepared for Cholera and that these are mediaeval diseases that we shouldn’t be dealing with

If y’all want to get in touch..

Missed footage: investment in housing will be key to building upper middle class