Moyo admits ZimAsset failure

Simon Khaya Moyo Economic Planning minister has conceded that Zanu-PF's much-touted antidote to the economic collapse the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZimAsset) has missed most of its targets.

Speaking at the Small and Medium Enterprises and Co-operative Investment Expo in Harare on Tuesday, Khaya Moyo said economic growth targets had fallen short since the launch of ZimAsset in 2013.

This is the first time Zanu-PF has admitted that its economic blueprint has suffered the same fate of its predecessors in failing to stimulate economic development.

Zimbabwe is currently experiencing a serious economic downturn that has resulted in massive company closures and job losses, despite Zanu-PF promising in its 2013 electoral campaign that it would create over two million jobs.