Mnangagwa pledges to deal with cash shortages

Delivering his first speech as Zimbabwe’s President on Friday, President Emmerson Mnangagwa promised to deal with cash shortages which started last year.

Mnangagwa:

In the immediate, the liquidity challenges which have bedevilled the economy must be tackled head on and must be dealt with as a matter of urgency. People must be able to access their earnings as and when they need them. My government will ensure financial sector stability and viability and will put measures in place that promote deposits and savings through bank deposits and other appropriate financial instruments which bring fair rewards to depositors. The current banking culture where costs are levied on depositors must come to an end

Mnangagwa also said that Government will deal with corruption.

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