By Tafadzwa Muranganwa
FINANCE Minister Patrick Chinamasa Thursday pledged a credible 2018 election which he said was key to efforts by the new Emmerson Mnangagwa government’s efforts to restore investor confidence.
He said this while presenting the 2018 budget before parliament.
Chinamasa said the government was working tirelessly to re-integrate into the international community adding that credible elections were essential in re-building confidence.
“We are working towards re-engaging with the international community and there is also the need to hold credible elections to re-build confidence,” said Chinamasa.
Zimbabwe, under former President Robert Mugabe, has been holding disputed elections since the entry of a formidable opposition into a Zanu PF dominated political arena at the turn of the century.
Many electoral petitions filed to challenge past results from as far as 2005 are still pending before the courts.
In his budget, Chinamasa allocated $132 million towards the upcoming elections.
The Zanu PF led administration has seen the flight of capital in the past two decades following a combination of populist but disastrous policies by the Mugabe regime.
Among these was the land reform process which critics have blamed for the distraction of the once mainstay agriculture as well as the tough indigenisation law which prescribed the mandatory transfer of at least 51 percent equity from foreign owned firms into the hands of black locals.
In his statement Thursday, Chinamasa said the law was in the process of being amended and left to apply only to the mining of diamond and platinum.