{"id":32678,"date":"2017-11-25T15:47:22","date_gmt":"2017-11-25T10:17:22","guid":{"rendered":"https:\/\/apnlive.com\/?p=32678"},"modified":"2017-11-25T15:47:23","modified_gmt":"2017-11-25T10:17:23","slug":"zimbabwe-mnangagwa-opts-for-sweeping-economic-measures-with-foreign-direct-investment","status":"publish","type":"post","link":"https:\/\/apnlive.com\/world-news\/zimbabwe-mnangagwa-opts-for-sweeping-economic-measures-with-foreign-direct-investment\/","title":{"rendered":"Zimbabwe: Mnangagwa opts for sweeping economic measures with foreign direct investment"},"content":{"rendered":"<p><strong><em>Says \u201cbygones be bygones,\u201d gives immunity and benefits to Robert Mugabe<\/em><\/strong><\/p>\n<p>Emmerson Mnangagwa, the second executive President of Zimbabwe since its independence in 1980, who took over on Friday, has announced to implement sweeping measures across different sectors with immediate effect to stimulate economic growth and create employment. He has also promised for sturdy re-engagement with the international community saying \u201cisolation has never been splendid or viable.\u201d<\/p>\n<p>According the Harare based daily Herald, Mnangagwa, while addressing the nation after taking the oath of office at the giant National Sports Stadium in Harare, said, Zimbabwe was \u201crenewing itself\u201d and should never remain hostage to its past.\u00a0He appealed to Zimbabweans to let \u201cbygones be bygones\u201d and embrace each other in defining the new destiny.<\/p>\n<p>\u201cOur economic policy will be predicated on our agriculture, which is the mainstay and on creating conditions for an investment-led economic recovery that puts premium on job creation,\u201d he said.<\/p>\n<p>He was quoted saying, \u201cThe bottom line is an economy which\u00a0is back on its feet and in which a variety of players make choices without doubts and in an environment shorn of fickle policy shifts and unpredictability. Only that way can we recover this economy, create jobs for our youths and reduce poverty for all our people who must witness real, positive changes in their lives.\u201d<\/p>\n<p>To civil servants, President Mnangagwa said: \u201cIt cannot be business as usual. You now have to roll up your sleeves in readiness to deliver. We have an economy to recover, a people to serve. Each and every one of us must now earn their hour, day, week and month at work.\u201d<\/p>\n<p>The new president promised that elections would be held next year and\u00a0vowed to work to advance the lives of all Zimbabweans.<\/p>\n<p>Recent ouster of Mnangagwa as vice president of the country by former president Robert Mugabe, two weeks before army took over on November 15, has led to his rise to the highest position.<\/p>\n<p>There are reports that outgoing President Robert Mugabe has been\u00a0granted immunity\u00a0from prosecution and will receive benefits package\u00a0as part of a negotiated deal.<\/p>\n<p>Mnangagwa has, meanwhile, praised Robert Mugabe for his contribution for country\u2019s independence and described him as his mentor acknowledging his role in shaping Zimbabwe.<\/p>\n<p>He described his taking over the reign of the country as &#8220;second phase&#8221; since gaining independence in 1980, he also expressed a willingness to re-engage with the international community and stressed that foreign direct investment was key to resolving the country&#8217;s economic crisis.<\/p>\n<p>International Monetary Fund has recently warned Zimbabwe for the need of &#8220;immediate action&#8221; to address the country&#8217;s liquidity crisis. Country\u2019s main stock market index had slumped by 40 percent following\u00a0the military&#8217;s takeover.<\/p>\n<p>Zimbabwe was plunged into political uncertainty on November 15, when <a href=\"https:\/\/apnlive.com\/world-news\/zimbabwe-plunges-into-uncertainty-as-military-captures-power-31852\">Major General SB Moyo, chief of Staff logistics,<\/a> seized power in a targeted assault on \u201ccriminals around President Mugabe.<\/p>\n<p>Next day nobody came in support of Mugabe. <a href=\"https:\/\/apnlive.com\/world-news\/zimbabwe-plunges-into-uncertainty-as-military-captures-power-31852\">Harare witnessed a usual day<\/a> with people going to offices and children to schools. The capital remained calm and military take over remained unchallenged while efforts began to install transitional government.<\/p>\n<p>Finally on November 22, <a href=\"https:\/\/apnlive.com\/world-news\/zimbabwe-mugabe-bows-down-to-pressure-leaves-office-after-37-years-32377\">Mugabe announced his resignation<\/a> when parliament began impeachment proceeding against him. The controversy ended bloodlessly. The parliament speaker Jacob Mudenda\u2019s announcement about Mugabe\u2019s message triggered jubilation among law makers and public throughout the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Says \u201cbygones be bygones,\u201d gives immunity and benefits to Robert Mugabe Emmerson Mnangagwa, the second executive President of Zimbabwe since its independence in 1980, who took over on Friday, has announced to implement sweeping measures across different sectors with immediate effect to stimulate economic growth and create employment. He has also promised for sturdy re-engagement [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":32680,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1511],"tags":[31502,30461,30460],"yst_prominent_words":[32091,5087,31613,5873,6849,32092,32089,4290,16021,31500,30446,25101,32090,4051,3817,30442,30438,30447,30439,31048],"ppma_author":[140543],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/d2r2ijn7njrktv.cloudfront.net\/apnlive\/uploads\/2017\/11\/new-president-zimbabwe1.jpg","jetpack_sharing_enabled":true,"authors":[{"term_id":140543,"user_id":4,"is_guest":0,"slug":"apnnewsdesk","display_name":"APN Live","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/478eacb893eda88aa6ed8d99b005bf58?s=96&r=g"}],"_links":{"self":[{"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/posts\/32678"}],"collection":[{"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/comments?post=32678"}],"version-history":[{"count":0,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/posts\/32678\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/media\/32680"}],"wp:attachment":[{"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/media?parent=32678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/categories?post=32678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/tags?post=32678"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=32678"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/apnlive.com\/wp-json\/wp\/v2\/ppma_author?post=32678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!-- html is corrupted -->