Zimbabwe’s new government to revise ‘indigenisation’ law

Zimbabwe’s new government has unveiled a US$5bn budget for 2018 that it says will revive the country’s moribund economy as long as the country can rein in corruption, hold a credible election and implement investor-friendly laws.

Presenting the budget, Minister of Finance, Patrick Chinamasa, said reviving Zimbabwe’s economy would not be easy. The government must take steps to restore confidence in Zimbabwe’s public finances and institutions, he told parliament.

“We need to address the issue of international re-engagement, corruption and indiscipline, we need an investor-friendly business environment, and finally we need to ensure credibility in the conduct of the 2018 elections,” he said.