Zimbabwean President Emmerson Mnangagwa has established a 26-member Presidential Advisory Council (PAC) to advise and assist him in formulating key economic policies and strategies.

Chief Secretary to the President and Cabinet Misheck Sibanda said in a statement on Wednesday that the advisory council would act as the President's sounding board on key economic reforms, issues and initiatives in line with his quest to open the country up for business.

Members of the council were drawn from various sectors of the economy and are expected to help Mnangagwa push for Vision 2030 which seeks to make Zimbabwe an upper middle-income country by 2030.

"It will be recalled that Vision 2030 is predicated on attracting domestic and foreign direct investment and on transforming Zimbabwe into a business-friendly investment destination with a stable and supportive macro-economic environment," Sibanda said.

He said the PAC had 17 terms of reference and should, from time to time, help with a comprehensive situational analysis on the state of the economy and investment climate in the country and proffer ideas and suggestions on the way forward.

Sibanda said the advisory council should also provide infrastructural strategies and investments meant to transform the country into a land-linked regional logistical and trading hub.

The advisory council was also mandated with organizing interactions between the president and local and international businesses, said Sibanda.

Xinhua