The Minister of Finance and Economic Development, Professor Mthuli Ncube outlined the economic fundamentals which need implementation before the introduction of the Country’s own currency during an informal meeting in Harare yesterday. The subject of discussion was the state of the economy.
Hon. Minister discussed the Transitional Stabilization Programme (TSP), price hikes, and power shortages issue among other issues.
The Treasury chief was in the company of the Minister of Information, Publicity and Broadcasting Services, Senator Monica Mutsvangwa and Permanent Secretary, Mr Nick Mangwana.
The fundamentals to be addressed before the country’s new currency is released were outlined.
On electricity shortages, Professor Ncube said us$10 million has been secured to pay down ZESA’s debt to South Africa’s Eskom. Mozambique has also agreed to provide Zimbabwe with power from its Cabbora Basa Plant