ZIMBABWE has faced a myriad economic challenges that have tested the resilience of its people and institutions.
Inflation rates have soared, unemployment has reached staggering heights and many, if not all our businesses are on the brink of collapse. As we navigate these turbulent waters, Mr acting President Sir, it is imperative that we turn to a vital resource for solutions, the business community.
President Emmerson Mnangagwa’s leadership has been marked by a commitment to national development and economic recovery.
However, the path for 2025 requires a collaborative approach that actively engages the business sector, which plays a crucial role in driving growth, creating jobs and fostering innovation.
By seeking input and solutions from entrepreneurs and businesses struggling to survive, we can forge a more sustainable economic future for Zimbabwe.
Zimbabwe's economic environment is fraught with challenges.
A combination of hyperinflation, currency instability, and a lack of foreign investment has created a perfect storm that has left many businesses grappling for survival.
The informal sector, which employs a significant portion of the population, remains unregulated and vulnerable to policy shifts that often exacerbate economic strain.
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Moreover, the inconsistencies of our local currency have only intensified these challenges, leading to reduced consumer spending and disrupted supply chains.
Many businesses, particularly SMEs, have faced insurmountable obstacles, with many being unable to access the financial support they desperately need.
In light of this dire situation, we urge your Excellency to consider establishing structured dialogues with business leaders and industry representatives.
By creating platforms for these stakeholders to share their experiences, challenges and innovative ideas, we can identify actionable solutions that are tailored to our unique context.
These dialogues could take various forms, including public meetings, industry roundtables, and public-private partnerships. Such initiatives would not only empower the business community but also demonstrate a government willing to listen and collaborate.
Engaging the private sector in policy formulation will ensure that regulations and initiatives are grounded in the realities faced by businesses on the ground.
Moreover, your administration could explore incentives for businesses that demonstrate resilience and innovation in these trying times. This could include tax breaks, grants and access to low interest loans for small to medium enterprises (SMEs) that are committed to job creation and community development.
By supporting businesses that are determined to thrive, we can create a ripple effect that benefits the broader economy.
Investing in capacity building and training programmes for entrepreneurs will also be crucial.
Many business owners lack access to essential resources and knowledge that could help them navigate the current economic landscape.
Providing training in financial management, digital marketing and e-commerce can empower them to adapt and innovate.
It is essential to highlight the potential of Zimbabwe's local industries and resources. The agricultural sector, for instance, remains a cornerstone of the economy. By investing in agricultural technology and promoting sustainable practices, we can enhance productivity and food security.
Furthermore, supporting local manufacturing can reduce our reliance on imports and create job opportunities, stimulating economic growth.
Collaboration with the business community can also lead to the development of export-oriented strategies that capitalise on Zimbabwe's unique resources.
By working together, we can identify markets for our products and create a more favourable trade environment.
Your Excellency, the road to economic recovery is undoubtedly challenging, but it is not insurmountable.
By engaging with the business community and fostering an environment of collaboration, we can harness the collective power of our entrepreneurs and innovators.
The time for dialogue and action is now.
As Zimbabweans, we are known for our resilience and creativity.
It is time to channel these qualities into a united effort to revitalise our economy, in 2025. Together, we can build a brighter future for our nation, one where businesses thrive, jobs are created and prosperity is shared.
We urge you, Mr acting President, to take this vital step towards meaningful engagement with the business community. The solutions we seek lie within our own borders, waiting to be explored and implemented.
Let us work together for a stronger, more resilient Zimbabwe.
Mr Acting President, please save Zimbabwe’s businesses, we are dying!!!
Mutisi is the CEO of Hansole Investments (Pvt) Ltd. He is the current chairperson of Zimbabwe Information & Communication Technology, a division of Zimbabwe Institution of Engineers. — chair@zict.org.zw or 263 772 278 161.
