OPINION: 8 Things The Government Must Do To Beat The Economic Meltdown – Biti

Former Finance Minister Tendai Biti has listed the following steps which he said if the government implements, will solve the economic meltdown Zimbabwe is experiencing right now.

Using Twitter Biti penned:

The power situation can be resolved immediately by any decent caring & competent gvt . As a matter of urgency the regime should scrap the fuel subsidy to #Sakunda & #Trafigura & use that to guarantee importation of at least 400 MW of energy

Secondly @ZetdcOfficialmust levy & collect charges in US$ to guarantee permanent imports .If this is done it’s only fair & logical that energy consumers must also levy their labor ,services & goods in US$.

Thirdly there must a be a scientific &systematic push to green energy

Fourth there must be resolution of the country sovereign debt crises to enable access to cheap funds held particularly at the World Bank & African Development Bank . Development Finance key & necessary to fund major infrastructure energy projects.
Fifth genuine & bona fide Independent Power Producers must be licensed , including players in alternative energy particularly solar , methane gas ,& bio energy . With this in place at least fresh 2000 MW should be generated from Hwange 7&8, Batoka, Sinamatela & green sources
Sixth is management of the transmission network . The transmission lines are old & archaic & lot of energy is lost decayed infrastructure including inefficient transformers & lines . At least US$500 will be required to sort the transmission mess

Seven is demand side management .They are some who think power is for free & that is why list of #ZESA defaulters can’t be published because it is the who is who of #ZANU .Pre-paid platforms, solar geysers , gas stoves , smart & energy saving appliances must be compulsory

Lastly the Development& Urbanization of Rural Areas (DURA) is key.Rural electrification is a necessary but not sufficient precondition to breaking dual enclave economy. Solar & bio energy provide a quick answer .A sustained program can increase GDP by factor of 2% in any year

Source: Twitter

 

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4 comments on “OPINION: 8 Things The Government Must Do To Beat The Economic Meltdown – Biti

  1. Shoko is lost completely,better keep quiet.where does zesa collect charges in forex, which zanu pf official has paid a debt. DURA where is it prioritised campaign are not even development focused

  2. Douglas Shoko , enlighten us on which items the government is implementing and effects of that implementation . For starters have the subsidies been phased out . No statement has been issued discouraging use of electric stoves . Dollarization of the economy is yet to be adopted yet in practice most goods are priced in $US dollars equivalent notwithstanding others selling in US hard currency . The Wicknel solar project in Mat South is still in limbo despite payment . Corruption is now endemic, apart from a few noises , no big fish has been incarcerated as a deterrent and it still rages like veld fires in Australia . No list of zesa defaulters has yet been published and no punitive measures have been taken against the defaulters fueling the perception that untouchable bigwigs are the reason ZETDC is powerless to confront or take any action .Now Douglas Shoko in your limited wisdom , which actions have been or are in the process of being taken to arrest the galloping economic malaise; in future learn to give us tangible evidence of efforts being taken rather than spewing empty rhetoric.

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