How extractive institutions impede economic recovery

How extractive institutions impede economic recovery 1

By Alex Magaisa THE purpose of this BSR is to examine and demonstrate how extractive political and economic institutions are standing in the way of economic recovery. If Zimbabwe is to make a good recovery, there is a need for a completely new approach to political and economic institutions. At present they are no more than instruments of extraction of wealth by a few political elites. We do so with a few examples taken from the news this week. The following items have been selected for illustration purposes in this…

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Bread and butter issues in the midst of Zimbabwean economic hardships…. how are breadwinners coping with the tough times? (Part 1)

Bread and butter issues in the midst of Zimbabwean economic hardships…. how are breadwinners coping with the tough times? (Part 1) 3

By Paddington Masamha Without labouring with the knowledge sophistication within the finance and economics sphere, a general conversation with a primary school student would help anybody understand that in order to sustain a basic livelihood there are three elementary human needs. Zimbabwean primary level education introduces its students to food, shelter and clothing as the three basic human needs. Paddington Masamha This upfront knowledge is presented in form of family stories and case studies. The underlying concept within the stories is essentially to demonstrate that food, shelter and clothing are…

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Hopewell Chin’ono: What are Political Reforms and why are they important for Zimbabwe

Hopewell Chin’ono: What are Political Reforms and why are they important for Zimbabwe 4

By Hopewell Chin’ono Many compatriots have been asking me what I mean by POLITICAL REFORMS and why they are important to the building of a new Zimbabwean economy. President Mnangagwa speaks to members of the Presidential Advisory Council, businessman Dr Shingi Munyeza (second from right) and prominent lawyer Mr Edwin Manikai, at the inaugural meeting of the council at State House. – Picture by Tawanda Mudimu I have argued that without political reforms, we should forget about being Open for Business and about a new economic dawn on the horizon.…

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Hopewell Chin’ono: Opposition should mercilessly take advantage of ZANU PF’s school boy blunders

Hopewell Chin’ono: Opposition should mercilessly take advantage of ZANU PF’s school boy blunders 5

By Hopewell Chin’ono You will remember that a couple of weeks ago I suggested that the MDC should NOW start engaging with the rural populace in Zimbabwe and also mobilizing and building structures there instead of futile street protests. Hopewell Chin’ono No Presidential candidate will win an election without the rural vote in Zimbabwe because that is where the majority of our people live. I also explained that by doing so, the MDC will be getting a foothold into rural Zimbabwe that would enable them to debunk the ZANU PF…

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Chinyoka on Tuesday: Who is in the diaspora?

Chinyoka on Tuesday: Who is in the diaspora? 6

By Tinomudaishe Chinyoka That great South African griot and people’s poet, Mzwakhe Mbuli asks, in one of his poignant songs Lusaka, a simple question: Who, is in Lusaka? Lusaka was the headquarters of the ANC in exile. Tinomudaishe Chinyoka It was represented by those residing there to the masses at home as exile, but in fact, the people in Lusaka lived lives of luxury compared to their suffering brothers and sisters back home. Yet, they pretended to know it all, they had all the ideas, they had all the answers.…

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‘Do not be afraid to share your story’

‘Do not be afraid to share your story’ 7

By Yaya Rudo When my family experienced a traumatic armed robbery back in 2011, I reluctantly agreed to go see a counsellor. I just went there to tick the boxes everyone said it would be good for me .I just did not believe in counselling. I was only interested in help and support that would lead to two things – one, getting our stolen property back and two, having the robbers behind bars for good.  Yaya Rudo When the councillor advised me that as part of my healing I must…

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Brian Sedze: Ideas not money is what is in short supply in Zimbabwe

Brian Sedze: Ideas not money is what is in short supply in Zimbabwe 8

By Brian Sedze The economic challenges of Zimbabwe are not about money. Our major issue is deficiency of a supportive government with competencies to design policies that enable innovation and value creation. Brian Sedze The country should also not pin its hopes and aspirations on welfare economics but rather it must trade for success. That trade require new products and solutions instead of benevolence. Country leaders should also disabuse themselves from the fallacy of new money from Bretton Woods but instead walk into private banks with bankable projects. Related Articles…

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Ken Mufuka: Dabengwa story shows how our dreams were betrayed

Ken Mufuka: Dabengwa story shows how our dreams were betrayed 9

By Ken Mufuka The passing of Dumiso Dabengwa comes as a reminder to all of us that our dreams of a peaceful and prosperous Zimbabwe were betrayed from the beginning. Ken Mufuka The fact that we were all conned by the greatest artist on earth, Robert Mugabe, for the last 40 years, speaks more to our gullibility as a race than to his craftiness. Dabengwa and I belonged to the Zimbabwe African People’s Union (Zapu). From its inauguration in 1963, our leadership under Joshua Nkomo was never disputed. Related Articles…

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Hopewell Chin’ono: Finance Minister’s twitter antics reflect Zimbabwe’s hopelessness

Hopewell Chin’ono: Finance Minister’s twitter antics reflect Zimbabwe’s hopelessness 10

By Hopewell Chin’ono I went into my local supermarket this morning and bumped into a cabinet Minister who accosted me into a corner, but in a very friendly way. Finance Minister Mthuli Ncube The Minister asked me to support the government and to proffer ideas arguing that many people read what I write and as such, I had a responsibility to support the country. I laughed and asked the Minister how I could support a failing government that can’t even support itself? Related Articles I then added that we needed…

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Eddie Cross explains why Zimbabwe has electricity crisis and suggests solutions for this

Eddie Cross explains why Zimbabwe has electricity crisis and suggests solutions for this 11

By Eddie Cross Just after the Second World War, political leaders in what was Southern Rhodesia started to think about how they would meet the needs of the country for electrical energy. After that, the debate raged between Northern and Southern Rhodesia as to the merits of building the Kariba Dam. Former BULAWAYO South MDC-T legislator, Eddie Cross Eventually it was the Federal Government who made the decision and the contract was awarded to an Italian company funded by a loan from the World Bank. It was a huge step…

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