Parastatals directed to lead in economic growth programmes

By Tichaona Kurewa

GOVERNMENT has called on parastatals to take a lead in the economic development of the country by contributing more than 40 percent of the country’s Gross Domestic Product (GDP) as the country leaps towards Vision 2030.

The Permanent Secretary in the Office of the President and Cabinet, Corporate Governance Unit and Procurement, Mr Willard Manungo, revealed on the sidelines of a training programme for the Broadcasting Authority of Zimbabwe on Sunday that the performance of public entities is an area that needed urgent attention to restore efficiency.

“We hope that by end of this year, we begin to see a reversal in that decline. As a benchmark, we now need to go back to not just 40 percent, but beyond 40 percent in terms of contributing to the GDP. It could be in power generation, provision of utilities, agriculture… we now want to see these capping towards 50 percent, which is in excess of 40 percent that they were at.

“If we don’t deliver in terms of power generations, if we don’t deliver in terms of service provisions of utilities, it becomes difficult for the private sector and all other sectors to deliver on the aspirations that they have,” Mr Manungo said.

The Deputy Minister of Information, Publicity and Broadcasting Services, Honourable Kindness Paradza emphasised the critical role that radio and television stations play in economic development of Zimbabwe.

“We are happy that they have given licence to community radio stations, radio stations and television stations. We now want results and we now want those stations to come on air because we want those to assist in the devolution agenda and also in the Vision 2030.”

The training of the BAZ board members is being held when government has identified good corporate governance and accountability key in the transformation of state-owned utilities to profitability.