President Emmerson Mnangagwa addresses the 4th Zimbabwe National Chamber of Commerce 2018 Business Review Conference

The government is committed to constructive ideas and suggestions from the private sector in building the Second Republic and is in the process of setting up a Business Advisory Council to bridge the gap between the state and the business sector.

President Emmerson Mnangagwa made the remarks at the 4th Zimbabwe National Chamber of Commerce (ZNCC) 2018 Business Review Conference.

Concern is being raised over the commitment by the private sector to work with the government in formulating policies towards economic development.

While the government introduces and proposes policy decisions, acceptance by the private sector has been somewhat lethargic as they allege they would not have been consulted.

President Mnangagwa, however, told the captains of industry, government officials and economic decision makers that government will always be there to get ideas from the business community on strategies to take the economy forward; hence his administration is already at an advanced stage of crafting a Business Advisory Council.

“The thrust is on rebuilding confidence and we are always open for dialogue with the business community, we are actually committed to that aspect,” said President Mnangagwa.

President Mnangagwa also advised the gathering that his administration is seeking to remove any policy inconsistencies and bring clarity on economic reforms to attract investment in line with the ease of doing business.

“The ease of doing business reforms have already seen the government reviewing indigenisation regulations while a new diamond policy has been approved by the cabinet,” he said.

The business review conference coincided with the launch of a Tax Administration Survey for the country which highlighted government’s progress on achieving revenue collections and inefficiencies on tax enforcement and how the nation can reap more from the informal sector, among other issues.