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Summit to tackle Zim recovery

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The Economist, an authoritative UK-based weekly newspaper on international business, will on Thursday next week host a one-day summit in South Africa on the future of Zimbabwe’s economy, which could induce new thinking on the country’s economic recovery, according to a public relations consultancy.

The summit has been themed “The Future of Zimbabwe Summit: When will there be a real recovery?” and will feature Aldo Dell’Ariccia, Ambassador-Designate, and European Union (EU) Delegation to Zimbabwe as one of the panellists.

The EU’s relations with Zimbabwe strained in 2002 and see each other as adversaries after Brussels imposed
Headlines PR’s Zoe Nilen says the summit could mark a turning point for the country judging by The Economist’s surprise interest in Zimbabwe and by the theme of the conference and its line-up of invited speakers and panellists.

The Economist’s analyses and opinion on international business and world affairs command the same respect as international financial and research institutions, and this makes its insight and opinion invaluable.

Prime Minister Morgan Tsvangirai will deliver the keynote address, while industry will be represented by Trevor Ncube, the Executive Chairman of Alpha Media Holdings — the publisher of NewsDay, Sam Moyo (African Institute for Agrarian Studies), Andrew Cranswick, African Consolidated Resources CEO and Tawanda Nyambirai, TN Holdings’s Group CEO.

Since “dollarising” and forming a unity government in February last year, Zimbabwe has initiated comprehensive economic reforms, political and institutions reform that have re-lined the country on a track back to its heydays.

The biggest debate in Zimbabwe at the moment is whether the country can trade its way back to viability in the rough diamond market following the certification of gems mined in Chiadzwa, Marange, in the eastern part of the country.

Experts estimate the country could receipt at least $2 billion a year from Chiadzwa diamonds exports.

Imara has suggested Zimbabwe’s economic recovery is stronger than officially thought, as economic planners tend to ignore the informal sector, which is estimated to account for over 60% of overall economic activity.

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