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Tuesday, May 28, 2024

Zimbabwe has what it takes to compete with the best – Minister Mavhima

Story by Justin Mahlahla

Zimbabwe has the requisite human capital and skills base to develop into a highly-developed economy, the Minister of Skills Audit and Development, Professor Paul Mavhima has said.

Speaking during the Enterprise Risk Management and Corporate Governance Awards held in Harare this Wednesday where he was Guest of Honour, Honourable Mavhima rallied delegates to embrace excellence in every sector, saying it is a pre-requisite to enhanced service delivery and nation building.

He challenged the delegates to utilise their corporate governance and risk management skills to create a better Zimbabwe which is no different from such developed countries as the United Arab Emirates, Singapore or South Korea.

“I would also like to elaborate on the importance of risk management and good governance in the context of our country’s development. In today’s business environment, it is critical for organisations to effectively manage risks in order to ensure their long-term success and stability. A robust risk management framework can help organisations to identify, assess and mitigate risks, thus enabling them to make informed decisions and create value for their stakeholders,” he said.

“Good governance is also crucial for organisations, as it promotes transparency, accountability and ethical decision-making. Both risk management and good governance are essential for the economic development of our country. By creating a culture of effective risk management and strong corporate governance, we can assure that our businesses operate in a sustainable and responsible manner and that our country is able to attract investment and foster growth. This, in turn, will help us to create jobs, reduce poverty and improve the standard of living for our citizens.”

He highlighted that the government is committed to supporting and promoting risk management and good governance at all levels.

“We have put in place policies and initiatives that are designed to strengthen our capacity in these areas, and we are working tirelessly to ensure that they are implemented effectively. The Government of Zimbabwe has developed and launched a risk management framework and guidelines for the public sector. This shows our commitment to ensuring that all government institutions are managing their risk in an effective and efficient manner. It will lead to improved decision-making, better governance and more efficient use of resources. It will also help to create a more transparent and accountable government, which is essential for building trust and credibility with the public,” he noted.

Professor Mavhima invited the private sector to partner the government in the implementation of national strategic objectives.

“The success of these initiatives will depend on the involvement and support of all stakeholders, including government institutions, the private sector and civil society. We are committed to working together to ensure that these initiatives are a success.

“I believe that with a shared vision and a commitment to risk management and good governance, we can achieve the goal of becoming an upper middle income economy by 2030. We must focus on building a strong and resilient economy that can withstand external shocks and create opportunities for all. By working together, we can create a Zimbabwe that is prosperous, stable and peaceful for generations to come. With a strong foundation of risk management and good governance, the sky is the limit for our country.”

The awards ceremony sought to honour individuals and corporates which are impacting the nation through their risk management and corporate governance policies.

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