Red tape, corruption hampering ease of doing business

Speaker of Parliament Jacob Mudenda made a very important disclosure two days ago at a post-budget meeting, revealing how a company was being prevented from exporting chrome and in so doing depriving the economy of much-needed revenue.

Comment: NewsDay Editor

Mudenda said the unnamed company was being denied permission to export chrome, yet proceeds from the mineral could rake in between $2 and $3 billion, a massive fortune in Zimbabwe’s context, considering that the budget is a little over $4 billion.

This story is for NewsDay subscribers.