Khaya Moyo warns of corruption threat


SENIOR minister Simon Khaya Moyo has warned that rampant corruption stood in the way of the successful implementation of ZimAsset saying corrupt individuals should be weeded out.


Speaking at the Zimbabwe International Trade Fair (ZITF), Khaya Moyo said ZimAsset was not cast in stone and had room for flexibility.

He said the government was currently seized with mobilising financial resources locally and abroad.

“In operationalising ZimAsset, we need to invoke the spirit of hard work, honestly and righteousness,” he said.

“There must be no room for corruption. Corruption can destroy all efforts to improve the economy. Let us weed out corrupt characters.”

ZimAsset is a five-year economic blueprint (2013 to 2018) extracted from the 2013 Zanu PF election manifesto that focuses on four pillars — food security and nutrition, social services and poverty reduction, infrastructure and utilities and value addition and beneficiation. The government will require at least $27 billion to fund projects under ZimAsset.

“The socioeconomic framework is not cast in stone and remains a living document,” Khaya Moyo said.

“It is a critical tenant of the programme that it should be flexible and accommodative to progressive ideas that add value to our development as a nation. Priority is on mobilising domestic resources given the need for Zimbabwe to increase internal capacity to finance recovery, including stepping up efforts to leverage our own resources, particularly in mining.

“Efforts are currently underway to engage our regional counterparts as well as friendly co-operating partners such as the East and the Brics (Brazil, Russia, India, China and South Africa) for the much needed financing and affordable working capital.”

Addressing the same gathering, Bulawayo Provincial Affairs minister Eunice Sandi Moyo said ZimAsset was key for the revival of Bulawayo’s industries.

“ZimAsset’s successful implementation will carry Bulawayo along, especially in the fields of technology and other innovative programmes as a revival and revitalisation of Zimbabwean industries,” she said.