ED Mnangagwa: Gvt to Address Cash 'Crisis with Urgency, Vigour'

Harare - President Emmerson Mnangagwa has promised to address the cash crisis haunting the nation for a while with urgency and vigour but admitted it cannot be solved overnight, during his initial Independence speech. 

The 38th Uhuru commemoration became the first for Zimbabwe without Mugabe, who was ousted in November 2017, with the aid of the army, after a 37-year marathon reign.  

Mnangagwa's new dispensation inherited a serious cash shortage, causing the poor to sleep in bank queues, only to access less than $20 in bond coins - a surrogate US currency introduced by Mugabe's regime in a desperate bid to quell the cash shortage.      

“We are well aware of the great hardships caused by the lack of availability of cash. This is a painful and poignant issue for so many individuals and families across the country and a problem we are working tirelessly to solve.”

He however, said the nation would witness a 4,5 percent economic growth rate. 
President Emmerson Mnangagwa

“One of the most evident changes in the past few months has been the renewed spirit of unity, optimism and determination among our people.”

“Once again we are free to dream, to hope and to believe. This new spirit has spread outside our borders and we are hugely encouraged by the goodwill our country continues to receive from around the world. 

“This renewed domestic and foreign investor confidence has seen our projected economic growth increase from 3,7 percent last year to 4,5 percent in 2018.”

But there was need to think out of the box to achieve such dreams.  

“Let us believe that our tomorrow is greater. Let us boldly and proudly sing our national anthem and fly our flag high in renewed hope and unity. Let us think big of our country. As a man thinks in his heart, so he is”.

“Let us also speak and confess well and the very best over our country, for the Bible again says, ‘death and life are in the power of the tongue and they that love it shall eat the fruit thereof’.”

Mnangagwa has been on marathon business trips to garner investment for Zimbabwe in a bid to lure much-needed investors, in a country that only attracted $500 million investment in 2017.

“To this end, my Government will continue to implement legal, institutional and administrative reforms to increase the ease of doing business in Zimbabwe.”

His government has been under attack for spending much on campaign material at the expense of essential services such as health, roads and education. A day before the celebrations, the state fired almost 20 000 striking nurses for demanding a review of their measly earnings. - Online Sources  

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