HARARE – The Office of the President and Cabinet yesterday announced Doug Munatsi as the first chief executive officer of the Zimbabwe Investment and Development Agency (ZIDA), marking his official foray into public service His appointment together with that of chairperson Busisa Moyo signals what Government is pushing for with the newly created parastatal The establishment and operationalization of ZIDA collapses three government units and parastatals; the Zimbabwe Investment Authority, the Special Economic Zones and the Joint Venture Unit, previously housed as a department under the Ministry of Finance ZIDA is key to the country’s economic development agenda
The new entity, which will be under the OPC, will be responsible for promoting and facilitating both local and foreign investment opportunities in the country Its major focus will be accelerating institutional and regulatory reforms as well as inculcating a mind-set change towards the creation of a conducive investment environment Its vision is to transform Zimbabwe into a dynamic national hub for local and global business, investment and innovation No doubt, even globally, the push has been to change the practices and structure of how public sector operates through the introduction of private sector motivations and practice
It is not just the different ways of conducting work that the private sector possesses; it is also the difference in fundamental purpose President Mnangagwa received major support when he assumed power from Robert Mugabe, the former Zimbabwean leader This was largely based on the claim that he was business-oriented, as such, the appointment of Munatsi could be a step in that direction as he has spent his professional life in the private sector, most of which was spent at BancABC (For memories sake we have uploaded what we said about Doug when he departed from BancABC here:https://www.theanchor.co.zw/the-last-day-of-school/)
Munatsi will bring a different modus operandi bordered around efficiency At face value, this post is beneath Munatsi, especially when one considers he was tipped for a ministerial post after the elections in July 2018 It is more national service than anything else Perhaps this is the Principal’s way of making amends
He is an ED loyalist but a balanced one (system-lite according to Jono) and therefore becomes the voice of reason and an attractive choice to interface with both foreign and local investors He will also prove useful to the government, which, for most years, (including during Mugabe’s tenure), was accused of going into engagements and negotiations without technical people with business knowledge Munatsi brings that experience and expertise Source: The Anchor
All Zim News
All Zim News is a central hub for all things Zimbabwean, curating news from across the country so no story is missed
Alongside aggregation, our team of nationwide reporters provides real-time, on-the-ground coverage Stay informed and connected — reach us at admin@allzimnews.com.
Source: Theanchor
