A Pan African Lawyer, who delivers speeches against corruption and mismanagement of resource in countries around Africa, Professor Patrick Loch Otieno Lumumba predicted that Zimbabwe, which is currently experiencing economic challenges will have unemployment reduced to 10% in 11 years.
The Kenyan Professor who is well known for his lecture in ending corruption in Africa called “The Magufulification of Africa” said that for Zimbabwe to be a middle economy by 2030, the country must have all factors for foreign direct investment including a trusted judiciary system.
“I am not a Jewish prophet nor related to one but I can guess as to what Zimbabwe will look like holding all factors constant,” Lumumba said. (sic)
“I see a Zimbabwe in eleven years all factors constant and assuming that the politics will be right and assuming that the environment will be right and assuming that the environment will be right I see a Zimbabwe where unemployment will have been reduced to 10%. I look forward to that Zimbabwe.”
Lumumba also discussed Zimbabwe producing more goods for its consumers.
Zimbabwe is currently importing products including wheat, as the country fails to produce enough for the consumers.
“I see a Zim where the supermarkets will be full with goods which are Zimbabwean made and if they are not made in Zim it’s because it is simply providing an opportunity for Zimbabweans to choose,” Lumumba said.
Trade deficit, which could also be an indicator of lack of sufficient production in Zimbabwe, stood at US$1.74 billion and has already widened this year by 34% to $1.26 billion for the period February to June 2018.
In the recent State Of the Nation Address, President Emmerson Mnangagwa said Small and Medium Entreprises (SMEs), women and youth are equally essential in increased job creation, innovation, environmental sustainability and more inclusive growth.
The President also said that the groups have an important role to play in the modernisation, growth and subsequent industrialisation of Zimbabwe’s national economy.
