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Mnangagwa lies about US$3billion FDI

By Daniel Chigundu
MDC Alliance says President Emmerson Mnangagwa is lying to the people that the country has received about US$3billion in foreign direct investment (FDI) adding that such an investment would have been visible.
Zimbabwe is currently leaving no stone unturned in its quest to attract the much needed but elusive FDIs to help drive the economy from its current gridlock.
President Mnangagwa even went to the World Economic Forum in Davos where he reportedly engaged with various potential investors and multinational financiers.
Addressing Zanu PF supporters in Mashonaland Central a few days ago Mnangagwa said the country had secured more than US$3bn in FDI in just seven weeks.
However, in a statement, MDC Alliance Policy and Research Committee dismissed the figures adding that it was nothing more than a fallacy as such investments would have sparked visible changes in the economy.
“If Mnangagwa’s lies are anything to go by, this would mean the economy has already reached a growth rate of over 21 percent in 2018, a fallacy even by the definition of Chinamasa’s distorted projections.
“When such kind of investment flows into a small economy like ours the change in the lives of people is visible, the President would not even need to announce.
“Even at the peak of commodity boom around 2010, bonds advertised by most progressive countries like Zambia could not attract such kind of money, a thing Mnangagwa claims he did simply by setting his feet in Davos,” said the statement.
The MDC Alliance added that government has been announcing billion-dollar deals which are yet to be agreed or concluded so that it can deceive people ahead of the elections.
“This kind of sensationalism reflects a clueless government which is however desperate to create an impression of delivery so as to earn support towards the next election.
“However Zimbabweans have not forgotten that Zanu PF spin on achievements is all but a fallacy, remember, they have always misled the public announcing a series of empty accomplishments ranging from Sino-Mega deals, Dangote deals and the billion dollar Beitbridge-Chirundu highway which was launched amid pomp and fanfare by Mugabe yet nothing has since happened,” the Alliance said.  
The opposition coalition added that this appetite for fake news exposes Mnangagwa the old Deputy President in Mugabe who has not changed an inch and will never change.
“He used to make these sensational claims the same way he is doing now.
“We in the MDC Alliance argued then as we do now that a serious leader could at least get official figures from his subordinates at the RBZ before embarrassing himself and the country as a whole,” said the statement.
 

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