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Welcome Look East

Chinese Flag

Zimbabwe Flag

A large Eastern company has opened a branch in the Zimbabwean capital city Harare this week.  The company Edmark  is an international company with branches in 25 countries and is from Malaysia a country in the far East. These are some of the fruits from the Look East Policy that has been criticized by the private media.

The Chinese companies recently came into play in the tobacco floors there by promoting the Zimbabwean  agricultural sector. This shows that the Look East Policy can work for Zimbabwe. 

The Look East Policy was crafted the early 2000s to counter the sanctions given to Zimbabwe by the West. These sanctions were given to the country as a way of promoting a regime change. By  implementing the Look East Policy, Zimbabwe was trying to open new business deals to replace business with the West. In 2008, Zimbabwe's all times weather friend China came to help the country by selling their products which were not of high quality as if to say Zimbabwe needed poor quality products.
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The bonus era ends

Due to the current economic situation in Zimbabwe the government has decided to suspend bonuses for the civil servants.The civil servants will not receive taxes until 2017 according to the Z.B.C. a state owned television station in Zimbabwe.

Finance Minister Honorable P Chinamasa

Recently Zimbabwe has been receiving poor taxes due to the closing of companies in the country. Many people have lost their jobs and students from universities have been transformed to become vendors.This shows the situation that could have led to  such a move by the government. 

The Zimbabwe's  economy is not recovering but becoming worse with a lot of people living bellow the poverty datum line. What has been the bread basket of Africa is now the begging basket of the world. Zimbabwe needs good economic policies to counter the situation in the country. There is need for the ZimAsset economic blue print to produce fruits it is expected to  bear.

Economic Policies vs Industrial Success

The economy of Zimbabwe remains stagnant with many companies liquidated and others placed under judicial management. This has been revealed in an article in  The Financial Gazette which states that 87 companies liquidated in 2014.

Closed industrial notice

In such a situation Zimbabwe needs to act very fast in solving the problem of the closing companies and the final results which is the increased unemployment rate. Many people have resorted to vending in Zimbabwe to cope up with the financial problems. Graduates from universities and colleges have been turned into vendors by the situation in the country. This leaves the country with more informal traders that are not able to boost the industrial sector of the country. 

Bulawayo Industrial site

According to the ZimASSET economic blue print 2,2milliom jobs are supposed to be created in five years. The opposite of this is however taking place in the country.  Many people have been losing their jobs. These have been driven into the informal sector such as the vending. 

The ZimAsset economic policy needs funding to produce its fruits for the Zimbabwean nation. It has been also hard for Zimbabwe to get the funds needed to fully implement to economic blue print .The blue print is failing to either give jobs to the Zimbabwean citizens or even to save the economy. A new policy may be needed to help give jobs and also save the economy .

ZimAsset is a good economic blue print but it needs a well functioning economy to be implemented with success not a struggling economy.

Zimbabwe-South Africa Relations

A highly powered delegation from Zimbabwe has gone to South Africa with a begging bowl to save its economy which has seen a lot of people losing their jobs. 

President Zuma and President Mugabe

The delegation is being headed by the Zimbabwean President and consist of ministers and other people of high ranks in the ruling government. The main reason of this trip is to strengthen economic cooperation between the two countries. The visit is said to be the first official state visit in more than 20 years despite the fact that the two countries are neighbors and also that they are big trading partners.

The Zimbabwean highly powered delegation has been in China and Zimbabwe is yet to see the fruits of the journey.It is therefore very hard to believe that the delegation shall come up with positive results to Zimbabwe.

The best way to help the Zimbabwean economy is to craft economic policies upon consulting the general populace as well as the economists and other good scholars.

Trips have been taken to many countries by the government officials with the Finance minister Honorable Patrick Chinamasa  moving in many countries looking for investors and funding for the economy .These trips have shown little help hence the economy is still in bad shape . Thus Zimbabwe must create new policies for the economy to recover  

Russia -Zimbabwe Relations A Business opportunity

RUSSIAN FLAG

ZIMBABWE FLAG

Rostec a Russian arms selling company is planning a $3 billion platinum project with Zimbabwe. This comes after the Western sanctions were delivered to Russia over the Ukraine crisis. The Rostec company is affected by these sanctions as it is a government owned company that is enjoying a monopoly in selling arms in Russia.

Rostec company log

Rostec Weapons

Russia is coming in to make business with Zimbabwe only after  there is a crisis on its own back yard . The main reason why Russia came to deal with Zimbabwe is to open new markets as well as to replace the trade gap that has been left by the West due to sanctions.

If the Russia -NATO relations go well Zimbabwe may see the  Russian business in  Zimbabwe go to sleep thereby having some negative effects to the economy of the country. Thus the Russian relations with Zimbabwe are not very much binding. 

Zimbabwe has to amend its relations with the West as well as to make good policies that do not affect negatively its business with the West. Zimbabwe got into a sour relations after the Land reform program that saw white farmers lose their land. Russia had some trouble with the West after it invaded Crimea a province in Ukraine.The West has responded by giving Russia and Zimbabwe

France invest in Zimbabwe

French Ambassador at the center

Investors only need protection for them to invest in a country. A French company has come to Zimbabwe to invest in lubricants and other traffic products in a move to boost the country's economy.

The French ambassador who was at the opening ceremony praised the president of Zimbabwe, Commander in Chief of the Zimbabwe National Army and the Chancellor of all universities His Excellence Comrade R.G .Mugabe for initiating "a safe and sustainable environment for the investors".

The statement "a safe and sustainable environment for the investors" implies that investors need good policies that protect their investments and also that assures that their investments are not to endangered by either government interferences ,wars or even economic situations. 

Zimbabwe has tried to persuade investors in the country by amending its economic policies as well as going for the negotiating tables with even their number one enemies the British. 

It is however that the Western investors are still concerned about the human rights issues in Zimbabwe. The French ambassador to Zimbabwe urged the Zimbabwean authorities to find Itai Dzamara who was abducted by unknown people some weeks ago.

FRANCE TO INVEST IN ZIMBABWE VIDEO

Zimbabwe is meeting stiff competition from its neighbor South Africa on persuading investors to invest in African countries.South Africa is more stable than Zimbabwe economically .Recently the southern neighbor met strikes which caused some damages to the economy