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Dabengwa: Hold Indaba to Curb Zim Economic Decline

  • Blessing  Zulu

Zapu leader Dumiso Dabengwa says Zimbabweans should hold a national indaba to tackle the country’s deteriorating economic situation.

Dabengwa said in an interview with VOA Studio 7 there is need to make a follow up on a recent economic summit convened by the sapes trust in Harare, which called all stakeholders to work together to address the issue.

He said Zanu PF has failed to turn around the economy, a year after it was elected into power following four years of growth under a unity government.

President Robert Mugabe promised ahead of the national elections in 2013 that his government would create more than 2.2 million jobs if Zanu PF was re-elected.

Indications are that at least 300 companies have shut down this year alone in Zimbabwe due to liquidity constraints, worsened by lack of foreign direct investment.

The ruling party says it needs $27 billion to implement its economic blue print, the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZIMASSET).

The government has put the country’s unemployment rate at 10.7 percent while independent groups believe that it is higher than 80 percent.

President Mugabe’s government announced early this year that the economy is likely to grow in 2014 by at least 6 percent but international finance institutions have put the figure at 2 percent.