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By Alois Vinga THE RESERVE Bank of Zimbabwe (RBZ) says the obtaining economic stability can only be transformed into long term development if the financial sector avails resources for long term development. Speaking during a virtual conference organised by the Zimbabwe Economics Society (ZES) this week, central bank governor John Mangudya said the obtaining economic stability in the country was strategic pillar for long-term development. “The pillar of financial sector development strategy or plan is stability. Stability precedes growth and growth requires financial resources. These financial resources come from long-term savings i.e. from pension funds and capital markets, and short deposits from banks,” he said. ....
John Mangudya RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya says the country must establish a Financial Sector Development Plan (FSDP) as part of efforts to coordinate the operations of companies working in various sub-sectors of the industry. Mangudya, who spoke during a Zimbabwe Economics Society discussion held in partnership with the Zimbabwe Independent, dwelt on issues around rebuilding confidence in Zimbabwe’s financial services, saying Zimbabwe must adopt a coordinated approach which is a global standard. There has been concern that the country needs to harmonise financial services sector legislation and corporate governance standards to eliminate overlapping regulations. Zimbabwe’s capital markets, for instance, are regulated by the Securities and Exchange Commission of Zimbabwe (Secz), while the pension industry falls under Insurance and Pensions Commission of Zimbabwe (Ipec). ....
The Zimbabwe Independent Esther Mapungwana ECONOMIST The role of diverse institutions in Africa has been significantly underrated; institutions have a critical part to play in the economic growth of a nation. The majority of African populations are living in abject poverty yet numerous strategies have been developed. Up till now, there have been economic structures and institutions established in our esteemed countries to tackle poverty but their impact has not reached desired levels. The question that needs to be answered is why have these institutions failed to play their vital role? And can the challenges be resolved? An institution can be defined as an organisation, establishment, foundation or society dedicated to the elevation of a particular cause, particularly one of a public, educational, or charitable character. Institutions can also be defined as the rules of the game, processes or mechanisms that shape social, economic and political inte ....
Todayâs environment is growing inimical to children`s existence. The world is full of potential abusers and children prone to abuse coupled with a horde of individuals lacking knowledge on childrenâs rights. Society must come together and find ways to effectively implement and enforce childrenâs rights. To understand fully the concept of childrenâs rights, one has to fully appreciate the definition of a child. In terms of the supreme law of the land, that is the Constitution of Zimbabwe Amendment (No.20) Act.2013, a child is anyone below the age of 18. The Childrenâs Act (Chapter 05:06) provides that a child is anyone under 16 but the position has since been altered by the coming of the 2013 Constitution. ....
Unpacking the National Development Strategy-1 Vince Museve :Economist EFFECTIVE leadership is really about having a leading idea which draws in the doers to make it a reality. A leading idea must be compelling, exciting, and inclusive and its benefits to the broader society must be obvious. It must unleash the creative and innovative spirit of citizens in its achievement. It must take its own dynamic growth as it becomes a constructive positive force which motivates especially entrepreneurs to make it a reality. It is against this background that we must evaluate and assess whether the recently announced National Development Strategy (NDS-1) will or can succeed. ....