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Practice English Speaking&Listening with: Africa 2010 - The Future of Zimbabwe

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Good morning ladies and gentlemen. It gives me great pleasure to introduce

to you the three personalities we all know and who are in charge

of Zimbabwes future. Its a pleasure to have here on the podium President

Robert Mugabe, the president of Zimbabwe, Morgan Tsvangirai the Prime Minister,

and Arthur Mutambara the Deputy Prime Minister of Zimbabwe.

Mr. President, I would like to add just a personal remark. I had the first time

the pleasure to see you in Davos actually and it was one year after you have taken

on the presidency and of course some of you will remember the Africa summit

which we had in your capital in 1997. It just demonstrates the long relationship

the forum has developed with Africa over the last years. Let me make some

remarks at the outset of this discussion. The forum is a platform, non-political,

neutral, independent. And I think the forum has gained its reputation by having been

the ancient catalyst for constructive dialogue on many occasions over the last 40 years.

So we want to conduct this discussion in the spirit of constructive dialogue.

Second, we are also aware that Zimbabwe is going through some difficulties

in its post-liberation time. We are here in this room only with one wish,

to see domestic peace established and to see economic success and social

progress of the country. We also know that it is at the end the Zimbabweans

themselves who will determine the future. Now we have the three people forming

a coalition and we are all eager to know how you envision the future of Zimbabwe.

And I would like to call first upon you President Mugabe.

Thank you Professor Schwab. May I take this opportunity of expressing my gratitude

for having been invited to this session on Zimbabwe?

I stand here as one of the three, this threesome that you see is the threesome

thats running Zimbabwe at the moment and age wise, perhaps by comparative

degrees, young, younger, and youngest. So there it is. But whats the background?

Well, well, we are in a country which really has been the cradle, the cradle

of independence, of the independence of various countries, a country which really

has seen the foundation, the makings of what we are as an independent state

in Zimbabwe, what they are in Mozambique as independent, what we are today without

apartheid in South Africa, Namibia, etc and various others. And here was also

the cradle of our own philosophies of how tomorrow after independence, tomorrow

after our struggle we shall run our countries, the political ideas that came our way from

the gurus, the founding members of the OAU, now the African unit or the African Union,

and in this country of course, his ideas and he had ideas about development and ideas

about Africa, all those influences and much more. We had to trust

international, as we waged our struggle, we related to China, we related to Russia,

we related to Cuba, we related to various other countries, we related to even Europe,

Sweden, Norway, the northern countries, and so on. And the use of all these

we examined, we evaluated and they were atto influence us. And so as we negotiated

our independence and by thatI mean on that subject, we carried out actually

three negotiating campaigns from1976, October to December, Geneva Conference

failed, ’77 --’78 we went to Malta, came to Tanzania, went to Zambia,

that was stillit failed, ’79 October to December and the conservatives succeeded.

And so we got our independence in 1980, April. And what was it to beabout those things

we had fought forbitterest of all the grievances was the land issue.

We negotiated it with the British, Lord Carrington and the British again read

to find it. In other words the compensation we needed to pay the farmers

administration had supported, they had also placed financial support. And so we began,

it was the land, land, land, no problem, willing buyer, willing seller,

we had rejected the principle but the British had resubmitted the

constitution the last 10 years. We agreed, after 10 years we changed it, we were now

to acquire a land in the national interest and of course it did much however the

the constitution nowin the national interest. And that was the main emphasis, land, land,

land to the people as a form of policy, our people economicallythan once

in terms of the realization of their sovereignty.

Then along the way, naturally, we decided that other areas must also be addressed.

But although your economic forum, it says its purely economic and no politics,

but the individuals during theare motivated by politics.

And so I have got to make reference to what happened. There were two parties

that fought the struggle, ZAPU and ZANU, and right here in Tanzania.

First of all it was just ZAPUand ZANU was formed when we were still here

you are one people, you can't go to Geneva conference as two, unite, we talked,

we united, and other patrioticwent to Geneva in 1976And as we negotiated

our independence in1979, we had Ian Smith and Muzorewa and others.

But when we got our independence, we felt that now that independence

had come and the fact of its coming was theof victory of the people

of Zimbabwe as we hoped, whether you fought for it or against it, I say it in March 1980,

you are now part of an independent nation of Zimbabwe. We cannot avoid you and

you cannot avoid us, whichever stands during the struggle.

And so lets now work together, lets have harmony, and we declared a policy

of national reconciliation and I sayLet us turn our swords into plow sheds,”

in my speech. And so I say to Ian SmithIs the expense we fought against you, you

imprisoned me 11 years but let bygones be bygones, as long as we now all are one

and there is a loyalty from every one, our sins of the past stand forgiven,

we may not forget. But allow me to take four men from your side to join us in government

and we took four men, I made the choice. He saidNow if you're going to take

people from my party, dont you think I should choose them for you?” I said

No, Ill choose them for myself.” So I chose the men I thought were more

liberal and moreand so the fact of working with members of other parties

did not start yesterday. If we could work with members drawn from the

Rhodesia tribe which had oppressed us, what was there to prevent us from working

with them, these young fellows of mine. So there it was and werenow.

After the elections of 2008 and there was awe disputed them, we said we had won

Tanzania,… , Zambia, and…, Botswana,… Mozambique.

There had also beenof Angola and they were the foundation of… “This dispute about

the elections will definitely ruin the image of your country. Why dont you

sit down, negotiate, and come up with a government of national unity?”

and they give us a facilitator, South Africa, former president...

We negotiated. We borrowed. We started discovering each other.

We did trust each other and actually we thought we would be killers of each

other but eventually it dawned on us that we were of one thought,

we belong to each other. And yes, there are political differences but

we have that alliance. But unfortunately for us, we are struggling not to remain

turned around by economy and we started to remake, we have created correct political

environments, we talked against violence, we talked against any behavior on the part

of our people which would be inhibitive of the process of unity that we have founded.

And as we do that, we have also experts working on the ideas of how we can turn

around the economy and we have arranged programs, the first one to try and start

the economy once again fromlevel where it was. But you have the better...

Why the sanctions should be imposed on us, we dont understand, to tell you the truth

and this from Europe and America and not from the rest of the world and we say

But we have peace.” We are forging now programs that are meant to improve

the economy to bring about development. True, we have our policies, we want to

embark economically, we would want them naturally to have aOver the hundred

years the British have ruled us as through the... Our people will remain poor,

poor in…, and now we would want to see how people also share in the ownership

of your resources thats why were beingprogram.

We say in days that will come, should we prepare?

Naturally, for sharingin respecting the companies that will be established,

whether in the mining or manufacturing sector and our country should have

and thats the program at the moment. People are saying it will drive away

investment and we sayNo, it won't.” Fair share amounting to 49% is good enough

and we may discuss much more perhaps when you ask questions and make

other comments. I want to end here. Thank you.

Thank you Mr. President. Prime Minister Tsvangirai.

Well Professor Schwab thank you very much for inviting me to share this unique session.

I want to confirm that indeed the polarization, the acrimony, the relations

between various political actors including between the President and myself is legendary,

legendary in the sense that it almost tore down the country. But I want to confirm

that at the end of the day, whenfacilitated the negotiation between various

political actors, there was a realization that there is no winner and no losing

team and that indeed without this shared compromise, Zimbabwe was heading for

a precipice, that was our motivation. So we signed a global political agreement,

we formed a government, and I want to say that the relationship within the

government has produced what is now called the progressive development that has led

to the progress that we enjoy today. The peace, the stability, indeed it means

a barometer of measurement of the progress in the country, it is the people

of Zimbabwe themselves, across the political divide.

Eighty five percent, by the latest poll, supported itso that is sufficient testimony

to the support this government enjoys so it iswe argue, we differ, but with

deep respect both at a personal level and in government. So what does this mean?

This conference has lauded that this is Africas moment. If this is Africas moment

then it is also Zimbabwes moment and we can launchof any potential investment

that Africa is going to attract. As for capital itself, my message is very

simple, forget about the so-calledrisk in Zimbabwe. In fact yourinvestment

moment is much, much higher than compared to other regions and other countries.

So we look forward to a country that has to go through rehabilitation and reconstruction

and your participation is welcome. As for us as political leaders,

we can only say that well set the motion for a positive destiny for the country

and to me that is more important than the acrimony that characterize

the political disposition of the country. Thank you.

Thank you Prime Minister. Deputy Prime Minister Mutambara.

Professor Schwab thank you very much for this opportunity to share with the

investors and those who are here at the forum. What were trying to do in Zimbabwe

is to lay the foundation for a peaceful, prosperous, and democratic Zimbabwe.

Were trying to build a globally competitive economy in our country. Every leadership

from here. We take full responsibility for the failures and the successes

of the inclusive government. In particular, we take total unequivocal ownership

of the fairness of the inclusive government and this is a partnership were pushing

for all Africans. Ask not what others can do to shift the African economy but

what we can do as Africans to improve our circumstances.

Yes we know that there are exogenous factors that affect our economies but there are also

internal factors we control and we can do something about them.

Yes we know that the world is not a fair place but in Zimbabwe we are more

concerned about the internal things, the endogenous factors we control so those

failures we have experienced in the past 15 months we are determined to solve

as the leadership of the government level. Before I go into what we intend

to do to build this prosperous nation, let me raise what I call extended

circumstances or mitigating factors where you appraise this

governments is too big to be dealing a context. Two years agoI attemptin Zimbabwe

in Zimbabwe and the same time two years ago the Prime Ministerin the Dutch embassy

around his neck. President Mugabe and his party were running the country on their own.

Fast forward to 2010, here we are, Mr. Morgan Tsvangirai is now the

Prime Minister of the state of Zimbabwe, President Mugabe is now working with

his former protagonist in the same government and yours truly is

a Deputy Prime Minister. That is progressby nature are very difficult. You have three

parties with three different directions working in the same arrangement.

If your global best practice tells you its a tough call. Look at the markets,

the markets areof what the possibility of a ham parliament in England where

there could be a partnership government. So judge us by the challenges that

in particular ours which is coming from those who were fighting each other,

were at each others throats just two years ago. Another factor, we are doing

what were doing in the country with skeptics throughout the world, with citizens

throughout the world, the IMF, the World Bank, GFIs are very skeptical

and very supportive of this arrangement. Those are thecircumstances you need

to get the factors in the country called Zimbabwe. The Americans and the Europeans

are skeptical and cynical about our arrangement. We still have sanctions

imposed upon us. So those are thehowever we have mettwo issues,

the outstanding matters which I talked about a lot. They are important.

We are going to address them. All these problems, all these challenges

are growing pains than taking problems in our arrangement. But more significantly

we have made progressgovernment, we now are coming out of a difficult

election which had results which were contested and challenged.

Key number oneis the creation of conditions for free and fair elections

in our country, one that can involve a national constitution, a new national

constitution, national healing, media reforms, electoral reforms,

political reforms, economic reforms. We are doing that to set up an anti-corruption

commission, well set up an electoral commission, well set up a human rights

commission, well set up a media commission. The constitution-making process is moving.

The national ruling coalition is progressing. So we are making a tremendous progress

in so far asconditions of free and fair elections is concerned.

In terms of the economy, we have set up the social recovery plan,

we are launching the middle term plan, were building our national vision,

were building up the…, so we are making progress towards a peaceful, prosperous,

and democratic nation and that being so is this one. Yes were having some

difficulties, yes we have some problems but we are determined to work together,

we are determined to make this inclusive government successful.

This is why were here meeting the investors.

For you the investors, please take a plunge and come to Zimbabwe for profit,

come to Zimbabwe and work with us in a win-win partnership.

If you delay, if you are skeptical, if you are dubious about Zimbabwe,

its your lossThank you very much.

Thank you Deputy Prime Minister. I think it was a very encouraging signal

which we got out, a message which we got out of these three statements

because we have to look at these statements not as individual

contributions but as collective commitment to the future of the country.

What we will do now is we have a panel discussion which will be moderated by

Julie Gichuru andwe have some of the issues, particularly economic issues,

so you will take care and you can use the panelists. Afterwards I will ask the

political leaders to react but before doing so I would like toin the best Davos forum

tradition I would like to integrate also the audience so I will give the floor to

some of you to make also statements and to raise issues. I apologize already

now as we may be over time by 15 minutes or so. Any objection? No. Okay.

Thank you Klaus, gentlemen. So of course weve had insights from the President.

Weve had the Prime Minister sayingCome into Zimbabwe and invest,”

and the Deputy Prime Minister sayingWe have had progress. Yes there are

challenges but weve had progress.” We want to hear now from potential

investors, investors, and very important voice of the youth as well. But before I

go to the panel I just want to say let us not loose this moment, let us recognize

the importance of this continent of dialogue of this kind and we know in Africa

that when we do not listen to each other with an open mind, when we do

not hear each other and speak to each other, it can be disastrous. So thank you so much.

Let me start with Runa Alam, the CEO of Development Partners International

from the United Kingdom. If we can have a mike here for Runa please?

Runa would you stand so everybody can see you? Thank you.

Runa your organization has been investing in Africa for a while now, thats

one of its focuses. Just looking at the situation in Zimbabwe, what's your

perspective on the investment climate and also what do you think should be

done to improve the business climate in the country?

Thank you very much Julie. Your Excellencies, Dr. Schwab,

Julie, thank you for the invitation for me to speak. Julie is right. We have

been investing as private equity investors in Africa for a long time,

for me personally going into the 12th year, among our six partners we have over

50 years experience investing in Africa so thats the perspective

I come from in answering your question.

I will also say our fund has two particular focuses.

One is to invest in companies that benefit from the emerging middle

class so really looking at the growth in Africa and coming in and second looking

at newly liberalizing countries. From that perspective we have been closely

looking at Zimbabwe. Were engaged in dialogue and investing with several

companies in Zimbabwe. So from that perspective I would ask actually

a different question, Ill get to the question, and that question is why

invest in Zimbabwe? Leaving aside all politics, 13 million people versus

150 in Nigeria, 13 million people versus 80 million in Ethiopia, a growth rate

of 2.5% last year versus Africa growing at 5%, Angola and Ethiopia growing

at 8% to 10%, Tanzania and Nigeria growing at 5% to 7%. So why Zimbabwe?

And the reason were looking at it is the following: Zimbabwe has extraordinarily

educated people which leads to extraordinarily good management teams and good companies.

We as investors look at companies, thats where we start and thats where we end

so for that reason, one must look at Zimbabwe and that the other reason is because

of dollarization and other reasons, right now in Zimbabwe, some of the prices

of profitable companies are lower than replacing value for their assets.

So its a moment in time, as was mentioned by the Excellencies, its a moment of time.

Getting to the questions, its a moment in time that we as investors also look

at several other things. We look at yes management but also growth so the

companies were looking at are lean and mean companies coming out of this

environment and they are growing but their number is limited.

So the country as a whole has to grow and it has to be consistent because if you

look at other countries in Africa, for 5, 6, 10 years, they have had consistent

growth, with a fewbut consistent growth. Second is that the whole macroeconomic

system has to stabilize because what we look at besides growth is visibility of revenues

so if a country has ups and downs and ups and downs companies in the country,

its hard to see when we look at projections what will be the earnings two years from now.

We dont know, the company doesnt know, so that is the second thing.

Another thing that we have to look at is essentially beyond growth and all of that

is what are the industries and other companies that are developing

has to be diversification of different companies in different types of companies

so one has to look at that, so macroeconomic growth, stability and consistency,

and really empowering capital to come in in an enabling type of environment.

Thank you so much for that Runa. Next we speak with someone who already

is in Zimbabwe, its a very big group actually in Central African countries,

we are with Shingi Munezya, Shingi please join us, CEO of African Sun Limited.

Now as a Zimbabwean business leader youve invested in multiple sectors

of the economy. What is your advice to foreign businesses interested in coming

into the country? And we hear the

coming, there's a lot of potential, what else would you say?

Thank you Julie and I pay respects to our leaders from Zimbabwe, my home country,

born, bred, and probably will die there and this is a defining moment to see our

leaders at this conference in this fashion, in this format and I would say that it is

almost unbelievable and I want to thank and give credence to them and to Professor

Schwab for this moment and I think it is good for our country….

whether this stability or instability so sometimes Ive had to live with

the negatives in a real form. Let me say that as an investor in Zimbabwe,

the first and the starting point has always been the confidence about the operating

environment and this has been brought about or this has been better and there's

been a complete shift in the past 15 months with the Government of National Unity

because this has beenthe three leaders here have demonstrated

the willpower to move on.

Let me say that you only have to be somebody who has been in Zimbabwe before,

during the crisis, and now to appreciate where we are now. This is a complete turn.

Its a u-turn from where weve been as masters of our own destiny.

But two years ago, our three leaders in front here to sit like this in any public forum

would have beenamongst themselves so to sit this way, it is a great moment.

And if an investor does not see that, I dont know what you want to see.

I really dont know. The only expectation from me as a businessman is waiting

for these three leaders to do what I term as a revolutionary moment.

A revolutionary moment is for them to deliver to us a process, a system

that will give us an uncontestable election and that is the revolutionary moment

that we await, uncontestable. And I shudder to say free and fair because

free and fair is almost like beauty, its in the eye of the beholder,

so its difficult to determine what was free and what was fair.

What Ive learned as a businessman is that if the partners do not contest

even if the world thinks that this wasnt free and fair, thats fine. So we are

requesting them and we are obliging them and talking to them that they deliver

that to us as business and the rest of Zimbabwe an uncontestable election.

And this does not take away the revolution in President Mugabe, the change agent that

is in Prime Minister Tsvangirai, and history-maker that is in Deputy Prime Minister

Mutambara, that does not take anything from them and so we are looking at that.

Policy framework is important for us as businessmen in Zimbabwe and I'm

encouraging that this willwhat we didin terms of this situation.

There was a moment where policy would cheat almost every other day and

it was difficult to plant and do all sorts of things so when a manager in policy

that was because we were using our own clarity in aenvironment, it was difficult

to plant, even make meaningfulBut right now with the dollarization

that came just before the GNU was signed up or was commenced,

it has really made us able to plan and deal with our issues

And this has been a favorableand also seen a favorable exchange rate regime.

We are able to buy, sell, bring in services and so on and in the parameter that is clear

and there is no hindrance, I must say, to do any of that.

This has been a good development. The next policy I think that the stabilization

of policy has been the biggest winner. We have stable policy so when the monetary

policy regime changed what it is now the next policy introduction was the

indigenization policy. Now let me talk a little bit more of that. This morning when

I woke up and I looked in the mirror, I was black and I still remember that,

I was Zimbabwean so maybe that is the definition of indigenization. I think the issue

here is the empowerment. I dont think any one in Zimbabwe negates or debates

against an empowerment of a post-colonial era. However, I think what is now being dealt

with is the implementation which sends wrong messages around the investor

community including those of us who are in Zimbabwe. Sixty percent of my

partners in business are foreign so weve got to make sure that we send

the right messaging. The engagement with the relevant authorities in government

is there and it has begun and has been progressing. I must say that it

has been progressive from our part. So we see a process that would bring

about a desired effect. We continue

Shingi if you are confident that implementation can be done in a way

that will maintain the competence?

I'm confident. If I wasnt confident, I wouldnt stand up here.

And the real reason is that because this has been dealt with with a

or unity in themselves, they suffer an issue of some sort because

so we are cognizant of that but I think that that is going to be a great one.

And what we are saying is that any parliament should produce economic growth,

it should produce employment opportunities, it should produce foreign direct investment,

it should also deal with poverty alleviation. So thats where we are on that score so every

business and I would say what we need is capital injection. Zimbabwe needs

re-capitalizingOur government is broke and its not a secret to say, because

if we will not, we probably would have done itbut we need our partners,

we need to be part of the global village and thats why we ask you that.

Thank you so much. I move now to Kuseni Dlamini, CEO of Old Mutual South Africa.

Now Old Mutual has had a longstanding relationship and engagement in Zimbabwe,

Kuseni. You have a valuable historic perspective on the political and economic

situations as well. The question is what do you see as the opportunities in Zimbabwe

and also what do you see as the risks?

The first area of opportunity to me is just done just now, seeing the threesome

in front of us here trying to rally all of us around the changes that are

happening in Zimbabwe. I think what Zimbabwe needs are confident

of the kind that weve just had here. If the leaders of Zimbabwe can take

the spirit that has started here, I'm sure it has not started here

but it has been shared with us here out of the…, out to…, take it to London,

take to across the world,… investors out there that Zimbabwe is ready for business,

that Zimbabwe matters, Zimbabwe wants to be part of the world, I think thats going

to take us far and it is going to assist us to deal with the consents that have

been facing the country. In terms of the challenges going forward I think

one of the main challenges which I'm sure is being dealt with is doing the need

to put an infrastructure and a policy of architecture that encourages

global competitiveness. I heard the Deputy Prime Minister alluding to that effect.

I think the first thing that we need, we need to ensure that weve got stable

and competitive fiscal and monetary policies in this country, without that

investors will continue to ask some questions. The third area of opportunity and challenge

is really to address the infrastructure bedrock in Zimbabwe, not really Zimbabwe

to not go to a period that has resulted in its infrastructure being demolished as it was

the case in some countries such as Mozambique and Angola.

There is a basic robustness of the physical infrastructure in Zimbabwe.

I think that provides an excellent platform to build the country, rebuild the economy,

and then set a basis for foreign current investments to come into the country.

The fourth area of opportunity is your energy security.

I used to work in the mining industry before going into financial services

and we had investments in Zimbabwe for mining facility, the issue of energy

was constantly an area of challenge in some of the investment decisions that we had to make.

I think if we can be able to unlock the energy deficit that is there we can really propel

Zimbabwe into growth and development in ways that are sustainable.

There is even a great opportunity for Zimbabwe to address its needs in terms

of energy in ways that are progressive by tapping into the opportunity

that climate change provides.

Its a rare opportunity to look at clean energy opportunities, unlock and unleash

a green revolution in Zimbabwe, create massive jobs on the basis of more

compressive, more enlightened responses to energy needs, not repeating the mistakes

that saw some of our first world countries committed when they were

to do with those developmental issues. And I also think that the issue of education

and skills, although it was a point that was made early on by my colleague,

thats Zimbabwe with good educationbut some of the things that you can see

over the last few years create an opportunity to really rethink about further boosting

the efficacy of the education system in Zimbabwe. The schools are there,

the investors are there but there's more that needs to be done to make sure

that Zimbabwe continues to produce not just for Zimbabwe but for Southern Africa.

On the policy issue Id like to appeal to our honorable President Robert Mugabe,

honorable Prime Minister Morgan Tsvangirai, as well as honorable Deputy Prime Minister

Arthur Mutambara to really look and make sure that whatever policy that we come with,

we buildit against best practice in the world in line with their collective commitment

to make sure that Zimbabwe is conducive to investors. If we really would like

to position Zimbabwe as a globally competitive nation, yes indeed I think

we can and must and will, we really need to look atin our policies with the best

policies in the world. You may want to look at examples where a country is leading

on health, if Cuba is the leading country on health, you look at their health policy.

If Singapore is a leading country on energy policy, on economic policy, look

at the Singaporean policies,… picking one example from one country, but really

looking at what works andand looking at whats good for Zimbabwe,

what are the domestic impurities that needs to be taken into consideration

in order to build a very dynamic and formidable economy and I have no doubt

that we will be able to turn around the corner and I also believe that its

a huge opportunity for all our leaders in Southern Africa to also start having

a regional perspective to the continents growth and to the continents policy

development process. I'm not talking about 13 million people in Zimbabwe,

49 million people in South Africa, these are very small markets but when

you start talking aboutover 200 million people, the much bigger market,

now looking away from policies with the co-chair, we were talking yesterday,

we talked about the need to move away frompolicies totop policies.

So we really need to do something original and in terms of the policy on architecture,

you get what is best not just for Zimbabwe or South Africa, what is best for

because our economies are inexplicably intertwined and the way things happen

at the social level, economic level, and in the consular and political level

doesnt respect the borders there today so its really a priority that we have the

informed, honest, and open conversation around what is good for…,

what is good for the whole of Africa so that we can reallypeople that we

now have on the African continent, check on the best countries that are

committed with us, the best continents that are convicting with us around the world.

Thank you very much.

Thank you. Before you go, risks.

There are various degrees of risk in all the countries operatingwe continuously

do risk assessment in every country, we have been in Zimbabwe for over 100 years

and I can conquer with the views that have been expressed here that Zimbabwe

has got lots of opportunities and we are looking at Zimbabwe from an opportunity

perspective and we believe that there are more opportunities there than threats.

Now were going to get a very important perspective of Bongani Ncube,

I hope I pronounced that correctly please. Bongani is a Global Changemaker

and we want to know what your thoughts are. You're a young Zimbabwean,

what do you think about the current state of the country and what

is your vision for Zimbabwe?

Okay. Distinguished guests. I'm the youngest of the youngest,

I'm 21 and I'm a Global Changemaker but standing here, I'm a Zimbabwean

and theyve been sayingWe, we, we.” I'm one of those wes. So Ive been there,

weve been there, I bought a toothbrush for $10 million. We have been in that situation.

We have been there. Weve been in the Dark but it is seeing this, this I think

is the biggest emblem of hope that we have. And I was sitting there and I saw after

his Excellency finished speaking he wanted to pass the mike to Mr. Tsvangirai

and that is something, 10 years ago, 5 years ago I couldnt even imagine that,

and sitting in Algeria with other students, when we saw the Unity Agreement and there

were four, …we were all amazed and thinkingWow.” But for me the most important

thing is we are now beyond past equalities, we now have a brand, we now have

an emblem, something to believe in and that something is Zimbabwe which

is more important and these men here are saying that this is more important

than anything thats been done before. Having said that though, its not perfect

and I'm here to challenge them and challenge Zimbabweans to improveto continue

to improve, compromise, we haveof compromise and we are using it and

I hope one day well reach that. And the second question, the future

of Zimbabwe, we were having a meeting in the morning with Graca Machel

and she said we as Africans are the solutions to our problems.

So I'm an African, I'm a Zimbabwean, and I believe I'm a solution, like Runa said,

we are excellent studentsexcellent students and I'm proud to be that, so I'm a solution.

And I remember talking to an economist from London on Wednesday and I asked him

Sir, what do you believe about Zimbabwe?” And he saidZimbabwe is doomed to succeed.”

We are doomed. We had it all. Weve been there. Weve done that.

Weve had it all but I believe and Iby many people and I'm inspired

and I hope it continues. This is the beginning I hope and even after everything has come

and gone, we still have that vision, that brand, that unity, and that belief

in Zimbabwe which is more important than anything else. And that is what I think,

I believe. Thank you.

Thank you so much. Nowyouve heard the view of the youth and the investors,

Professor I'm going to hand back to you in just a moment but first we must

commend leaders when they get it right, please, lets give them a hand.

Thank you so much anda handshake. You dont understand the difference

that it makes on the ground. As a Kenyan, we sat there and looked at every side and

what you're doing right now is amazing so we thank you for that.

Thank you Julie. Before asking the honorable guests to respond

to the issues, let me just take two or three statements from the audience

Is there someone here? Yes please. Can you bring a microphone?

My name isI think the tone of the session today has been very positive.

It has shown me the brighter future and I think this is really

of some of us who are amongst the youngest leaders in Africa. The question that

I had was actually abecause I think its very temptingas leaders to look

in the rearview mirror and try to explainof the past. The question I have is what

are you doing today as leaders topeople like Bongani to make sure

that your legacy in Zimbabwe is secure? So I would like to ask this question

because I believe that it is

absolutely honorable. I think its a sign that we definitely can meet. However,

reflecting on everything that has been said here today, its almost as if you're

talking about a Zimbabwe that Ive never been able to graspthats not a reality today.

And from my point of view as an investor into Zimbabwe, I'm asking myself

What are you doing to actually make sure –“ exactly the same question that you bring the…,

what are you doing to make sure that you're attracting capital? As you're aware, capital

is aand it doesnt goit perceives danger that is more than what is the

commensurate region and at this point in time, every time we look at Zimbabwe,

we are afraid of the policies that they are putting in place, we are afraid that

something is going to change, its not predictable enough, its not stable enough,

what are you going to do to make sure that the FTIs that you're talking about

that you need in Zimbabwe, that the missed opportunity that you're talking about

at the time for Zimbabwe is now, what are you going to do to make sure that

Zimbabwe does not miss its opportunity now and in the future?

Thats an important question and I'm sure the speakers will respond to it.

Let me take maybe two other issues. There are so many. Please.

Thank you. I'm amyself. Obviously I'm the youngest here.

But I must say that I think Zimbabwe copied the issue of the coalition

government from Kenya. Howeverbecause I thinkI thinkof unity.

I think it has something to do with hope…. because the question of good leadership

is very, very important for this continent and that is what should be copied

by everybody in this continent. Thank you very much.

My name is Richard Dowden. I'm the director of the Royal African

Society in London. And I'm deeply grateful to President Mugabe.

In 1976 I was trying to become a journalist and he agreed to

he was on a visit to London and he agreed to be interviewed and it was my first

piece of journalism. Thank you Mr. President. I think Ive interviewed you a few times.

I noticed that none of the investors raised the question of sanctions and that was

raised by the President. I would just like to remind myself exactly what the US

and European Union sanctions are listed those listed sanctions. Thank you.

Thank you. Please.

Hi my name is SoniaI'm representing ADC. We are a German-based investor and we have

invested in Zimbabwe. Weve invested in December last year and I have to say

this is of course for us an important signal to see the three of you and I thank

you for that. However we do have concerns. We have invested and the discussion

around indigenization is obviously a discussion thats very important

for us and getting some more views from all three of you on the topic of indigenization

and how that works together with encouraging capital inflows from other international

investors into the country will be something that I would like to hear about. Thank you.

Thank you. I think we have now enough agenda issues and I may turn the sequence

around and we will end with his Excellency, the President and we

start with you Dr. Mutambara.

Thank you very much. In most of the issues addressed by the panel and the audience,

to the new agenda now, what wouldthe country is stabilization economics.

Were now migrating from stabilization economics to growth economics where

were saying job creation, disposable incomes, capacity utilization, new investment,

and so that we canand such investors and growing the economy in Zimbabwe.

That will require that sanctions be moved. You know, lets get to this question here,

even if the sanctionson the President, this Minister, the army commander,

the army and the reserve bank, guess what…, guess what investors are circumspect,

they won't come to a country where the president is on a travel ban, they won't

come to a country where the Minister of Defense is on a travel ban.

So even if the objective isthe impact is good to our country, we can attract

lines of credit, we can attract investors, sanctions must go today in total,

whatever the type of the sanctions. While of course we the Zimbabweans

in this platform are now working together, we dont need them, why should you hope

that America patronize us and say that its a monetary sanction when the

Zimbabweans have spoken, Whenhas spoken when South Africa

has spoken, when the AU has spoken. In terms of opportunities we as a government

are having awe are not the doers, we are enablers, we are facilitators,

so we are now moving away fromin our country, owning the water utility,

owning transportation, we are now geared towards partnerships.

So the opportunities withinfrastructure, the opportunities in mining,

the opportunities in manufacturing and processing, and we are creating

an enabling environment around that. In terms of empowerment, it is not sustainable

in a country to have majority of the people expectin the economy.

It is not sustainable in the long run neither is it desired. The majority of the

Zimbabweans must be pairs in the economy. And by the way, this is not new,

South Africa has done it, in India, you can't have a companyyou can't

get more than 29% in India but all theare there in India so if we put 49%,

were not different from global-based countries. What we need to do however

is to package it well, to sell it well, to explain it but its not inbecause by

creating long term stability by involving the majority in our economy.

Lets issue all the young people how do we allow them to be active?

I think its a good person we must address, how to makeyoung people?

How do we ensure the legacies projected by new soldiers, new players,

so that the independence of South Africa or Zimbabwe or Ghana goes on through

new people. So we need to create systems andand institutions that

are promotive of talent coming in, that are promotive of newcoming

in yet I think young people must also check thisto be invited, take a plunge,

like I teach inDont wait for the invitation from old guards,

from the young, and the young. You must also make a sacrifice and take

a plunge and become a player. Most of ourin Africa are in the private

sector, they're in…, and yet private office determines the future of the country,

public policy is determined by politicians. We must make sure we have a balance

between the participation of our best minds in business, our best minds

in academia, we must also come to the game of political

Mr. President.

On the empowerment of the young people, the question I ask is

Young man or young lady, what are you really?” thats the question.

Just as we must make you something, we must educate you and so our educational

system must bethe system that is available to every child in the country and taking up

all the young people at least to the secondary level where you can make

now choices as to which way to go, and what colleges, andto sponsor.

The private sector must come in also. You see Ive sponsored the development

of skills. So after that I want to ask you the questionWhat are you young man?

What are you young lady?” You already have skills, all you need now is the

opportunity and these are the opportunities now we have made available through

the indigenization of the parliament. Which vector do you want to go to?

What skills? …or you a professional? Are you a lawyer? Etcetera, etcetera.

And thebecomes yours.

Thank you. Prime Minister.

There are a lot of questions that I wish to explain. The first one is of course

the political challenge that Shingi has asked uselections. So at some stage

there will be elections and lets hope that those elections will be conducted

in a manner which is not disputed. So there will be an election at some stage.

We deliberately avoided to set a date for an election because we didnt want people

to go into an election war, instead to go into a healing phase,

create conditions, level the playing fields and then have elections.

At the end of the day the people of Zimbabwe will have to choose and I hope

that that will change... So it doesnt give a need to be revolutional,

its something that is expected. On the question of policy consistency

and certainness, I do, thats what we are trying to do, clear the credibility,

build the confidence in our policies, build the national consensus because

we area coalition, policies I know just are now the topexercise, there has to be

debate, coverage from the Council of Ministers, we can take orders so that we

arrive at the policy which is good and allIll go to the next one which is indigenization.

I know there has been a lot ofraised around it but there are three critical

issues I just want to explain. Citizenship in parliament in terms of the indigenization

policy of Zimbabwedoes not mean marginalization and I know that a lot

of perception is with the creative but indigenization equal nationalization,

thats not the issue, thats why one of the policy requirement is how do we ensure

that this broad, broad participation of the citizens, what four colleges

are we going to put in place to make sure thatexercise that is broadened

we have discussed. Another critical issue in indigenization is the framework

for sector by sector pressure. You can't have one size fits all.

bank so you'll have to discuss on each particular sector in order to set those

minimum thresholds. And remember the 51% …we are talking about is the output

but what we are doing is that we have to start from somewhere if we are to be part

Let me just try to attemptof course we can't work to revitalize this economy

without the predictable infrastructure, our roads, our railways, our airways

are veryif we are to progress and make sure that this economy progresses.

Let me just add a commentWe talked about theYou know in June

last year I went to the United States, I went to Europe. The question that

I was constantly asked apart from everything elseWhat is your relationship

with President Mugabe?” I saidWhat is so unique about it?

We have a working relationship, we have signed an agreement,

we are working together in government, what more?” “Are you really sure?”

and I went to the extent of…, I went to the extent to explain the fact that look,

you have very displaced perceptions and sometimes it has become an obsession

about what you believe the real problem in Zimbabwe is.”

Yes you may have your old positions but to me, as we push this country forward,

President Mugabe and myself may be part of the problem but were also part of the

solutions if we have to see this country through this crisis.

So some of this feels like capital being afraidOh I can't go into Zimbabwe

because for some reason this has happened and this has happened.” I want to assure

you that capital must be and always be bought, …there's no country involved in this

but its your opportunity to take that risk assessment and I'm going to show you

that as I said, there's noEvery country in its experiencebut each situation

is what its own characteristics and I'm sure that it we analyze what

is happening in Kenya, you may find some of the negative characteristics

We are not amazed at the same level of risk as Kenya. Why? Its different

and I think you need to examine each particular situation from its own perspective.

I thinkand I'm sure that if you are in business. Now let me deal with

the issue of sanctions. It doesnt make sense that people of the same

government are not able to travel because of the travel ban. It doesnt make sense.

I travel,… travel, the other one travel, the other one is still travelling,

that in itself is not an endorsement of the progress that we have

made in the country. So all we are saying is that if we are people of the

same government, look at us from the same perspective. Why do you select?

We have at least worked together and we must get guidance from what

we are saying, that what you believe is going to say. I know that a lot of people

There will be concerns about HIV, there will be concerns about the level of crime,

there will be concerns aboutevery country is with its own legacy, what we need

to say is thatand what we are saying here is that Zimbabwe, it has its problems,

yes, we are tackling them, they are not insurmountable, and people should

look positively to sayThis economy which has shrunk by 50% is on the

Last year we grew by 30% butso you must understand that we are not after the

we are stuck at leading, we are creating conditions for you to make business

and I'm sure that what she here is saying confirms it and we want to assure

that the leadership of the country that will do everything to ensure that we

respond to your needs, we engage you in business so that we can provide

the basis for a better takeoff. Thank you.

Thank you. Yes they appear to bebut actually they're much more than

just personally talented. I'm talking of the European vision of the sanctions.

the companies are not allowed to deal with us so America has been much more

honest than Europe. Europe says that the sanctions are personally

Ill give you examples. …in terms of its infrastructure, machinery,

etc, and these by date of history is all wasted. We cannot get spare

parts but we can't get even new machinery from Europe because

of sanctions. Mrs. Thatcher persuaded me, were good friends, we conservatives,

not that I support her,… your Air Force, why dont you try the Hawk.

Its a trainer, its a fighter. And we spoke about it with my experts

etc and we got a squadron. It was a dozen plus one, thirteen.

Now we can't get spare parts for them from Britain because of sanctions

and they're all grounded. So we have to look east, replace them withfrom China

and this is the story across the board, we can't get spare parts, we can't get

new machinery from the west and that sounds ridiculous. Later on, credit

lines and operations between banksyes this will not happen, its open,

its honest, Europe saysNo we havent doneso its only the sanctions that are fake

persons but in reality they arethe practice of it is old sanctions. Thank you.

Thank you. At the end of the session I would like to take up one issue which

was mentioned, the future of Zimbabwe. And I would like to ask, since we are

running out of time, each of the panelists to describe in two or three sentences

how he imagines Zimbabwe to be 10 years from now. If you had to describe Zimbabwe

10 years from now, how would you describe it? How would you like to see it?

But in order to start, I would like to go back to Bongani and ask him first to describe

how he sees the future but dont take more than two minutes please.

The British Council of Global Changemakers. I see a future based on the dream that I'm

building where we are now involved as youth a dynamism clinched by this

threesome I see a future full of vision and hope.

Thank you. Who would start? Prime Minister.

I think its clear that the part and the destiny we have set for the country

provides for a democratic, prosperous and arelations, a productive level of

society, thats what I would like to see.

I did my homework and I looked at your speech, Mr. President, when you came

to Davos and at that time, you saidWe want to make South Africa and

Zimbabwe a giant.” You said that sometime, a giant. What is your wish?

Well, still a giant. In Southern Africa, apart from South Africa, Zimbabwe

has the best infrastructure, industrial, and even educational, etc, etc.

We are above everybody else and having that advantage of that infrastructure,

an enlightened population, skilled young men and women,

sure we are destined for that place in society of being a giant.

But Mr. President how would you see Zimbabwe 10 years from now?

Particularly how would you see it politically?

How would I see --?

How would you see Zimbabwe 10 years from now politically?

Politically. Well I see it continuing to develop and I see it remaining democratic

and dont tell us that there has not been any democracy in Zimbabwe because

thats what we fought for, thats what we went to prison for, there was no democracy,

we brought about thesystem and we hope that continues but it is up to the

young people then who will be part to sustain the education we are giving

them both academic and political through our own example should equip them to sustain

the system and I see a developed Zimbabwe in 10 yearstime definitely.

Deputy Prime Minister Mutambara, you are youngest and 10 years from now

you are only 50, if I'm not mistaken, 10 years from now, 53. How do you see Zimbabwe?

I have both a vision and a strategy for Zimbabwe.

My vision for Zimbabwe in 10 yearstime is a peaceful, prosperous,

and globally competitive economy which will be top 50 on the GCI, the global

competitive index. And the strategy to get involves an ICT-driven strategy,

involves entrepreneurship, involves moving from adriven economy to an

investment-driven economy. It involves moving from commodity-based economics to

It involves making sure that a technocratic capacity driving our countries.

So this is the strategy I think can take us to a peaceful, prosperous,

and democratic Zimbabwe.

Ladies and gentlemen, this was certainly a most interesting session.

But it was more than just a session, I think it was a commitment,

some people told me historical, I dont take it lightly, I think likely

I think we will see in 5, 10 years whether it really was historical

but the session, in any case, was a commitment we rely and we feel

very comforted by your statements and we want to thank you very much for

coming here, being with us, being all the three of you with us.

Thank you very much and we wish you in your undertakings all the success

which you need in order to make Zimbabwe a prosperous and peaceful country. Thank you.

The Description of Africa 2010 - The Future of Zimbabwe