Economic Development Proposals for Zimbabwe
1. Employment Tax
Objective: Enhance the welfare of citizens while strengthening tax revenue
Proposals:
Review of Tax-Free Income: Increase the monthly tax-free income threshold from USD 100 to
USD 300
Secure Satellite Outpost Purchase/Sales Points: Establish secure sales points closer to artisanal
miners
Promotion of Value Addition: Encourage local processing of minerals
Capacity Building and Support: Provide training and technical support to artisanal miners
Cross-Border Trade Monitoring: Implement AI and cybersecurity measures
2. Industrialization and Value Addition
Objective: Replace depleting mineral resources with industries
Proposals:
Industry Levy on Extracted Minerals: Propose a special levy on locally extracted minerals
Funding Industrialization: Use levy funds to support industrialization, particularly in motor
vehicle, truck, and bus assembly sectors
3. Promoting Local Currency Utilization
Objective: Fortify the local economy by bolstering the usage of the Zimbabwean dollar
Proposals:
Tax Incentives for Local Currency Transactions: Implement tax relief mechanisms
Combating Black Market Trade: Introduce measures to counteract black market trade
Establishment of a Minimum Wage: Introduce a realistic, taxable minimum wage
Increased Duties on Imported Goods: Implement significant increases in duties
4. Resuscitation of NRZ and ZUPCO
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Objective: Revitalize critical transport services and upgrade essential infrastructure
Proposals:
National Railways of Zimbabwe (NRZ): Focus on revitalizing NRZ through public-private
partnerships
Zimbabwe United Passenger Company Ltd (ZUPCO): Pursue PPP arrangements to inject private
investment
Transportation Network Rehabilitation: Prioritize rehabilitation of roads and railways through
PPPs
5. Enhancing Agricultural Resilience
Objective: Improve agricultural productivity to secure food supply and promote sustainable
livelihoods
Proposals:
Funding for Infrastructure: Allocate funding to enhance irrigation infrastructure
Training Programs: Implement workshops focused on sustainable agricultural practices
6. Investment in Health and Education
Objective: Strengthen the health and education sectors
Proposals:
Augment Healthcare Funding: Increase funding for maternal and child health programs
Vocational Training Institutions: Invest in vocational training institutions
7. Revitalization of the Tourism Sector
Objective: Leverage Zimbabwe's natural attractions to stimulate economic recovery
Proposals:
Incentives for Tourism Investment: Continue to support the revitalization of the Zimbabwean
tourism sector
8. Zimbabwe Health Services (ZHS) System
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Objective: Ensure sustainable funding for healthcare access
Key Principles:
Contribution system for healthcare services
Transparency in fund utilization
Clear reporting on funds collected and allocated
9. Framework of Innovation and Entrepreneurship
Objective: Foster a culture of innovation and entrepreneurship to diversify the economy
Proposals:
Support for Startups and Technology Incubators: Establish a comprehensive national fund
Promotion of Applied Research and Development (R&D): Encourage universities and research
institutions to collaborate with industry
Accountability and Progress Monitoring: Track development and outcomes of innovation
initiatives
10. Strengthening Social Safety Nets
Objective: Protect vulnerable populations during periods of economic transition
Proposals:
Cash Transfer Programs: Expand social safety nets through cash transfer programs and
food assistance initiatives
