ED cornered over deteriorating economy

PRESIDENT Emmerson Mnangagwa yesterday met captains of industry to tackle challenges in the economy, but the meeting failed to come up with solutions, according to people with knowledge of the meeting.

Mnangagwa met leaders from the Bankers’ Association of Zimbabwe, Zimbabwe National Chamber of Commerce, Confederation of Zimbabwe Industries, Grain Millers’ Association of Zimbabwe, Consumer Council of Zimbabwe, Confederation of Zimbabwe Retailers and Chamber of Mines, among others.

Sources at the meeting said business indicated to the President that price distortions in the market were a creation of currency misalignment.

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