Latest News Editor's Choice


News / Local

Grace Mugabe admits Zimbabwe is facing economic crisis

by Thobekile Zhou
04 May 2015 at 14:05hrs | Views
First Lady Grace Mugabe has admitted that Zimbabwe is facing economic crisis leading to thousands of educated youths finding themselves on the streets.

During a tour of the Zimbabwe International Trade Fair (ZITF) stands on Thursday, Grace said Zimbabwean companies need to do more to satisfy the local market with the surplus being exported.

"This is the way forward, this is the key to the development, the key to employment generation because we are talking about the youths who after having been educated are finding themselves on the streets," she is quoted saying.

"Despite the fact that the economy is not performing well, I can see enthusiasm amongst our people, that they would want to showcase what they are producing, you know and what they are manufacturing, I can say I am very much impressed with what I am seeing this year," said Grace.

"I know times are hard, but we are a resilient people and that's why we are here and showcasing what we are producing so that people from other countries can see that Zimbabwe is a hard working nation," she said.

Grace added that industries are struggling to absorb graduates.

"And what I have always said is that we have so many institutions, educational institutions and these other facilities where people are getting skills training, you are giving them the fishing rod but haven't got the lake where they are going to do the fishing but with all that is happening here we are saying now there is the lake where you can go and fish," she said.

Source - Byo24News
More on: #Grace_Mugabe