Captains of industry are today expected to converge in Nyanga for an annual convention, which seeks to map out growth strategies for the troubled manufacturing sector as the country looks up to Brazil, Russia, India and China for growth.
A group of renowned speakers has been lined up for the Confederation of Zimbabwe Industries annual general meeting (AGM), which will run under the theme “Restoring manufacturing as a key pillar for leap-frogging Zimbabwe’s economic growth”. The AGM will close on Friday.
Brazilian ambassador Marcia Maro da Silva will deliver the keynote address, which is expected to highlight how Zimbabwe can draw lessons from the South American giant. Industry and Commerce minister Welshman Ncube is expected to be guest of honour.
Other key speakers include Deputy Prime Minister Arthur Mutambara, head of European Union delegation to Zimbabwe Ado Dell’Ariccia, World Bank country manager Nginya Mungai Lenneiye, Reserve Bank of Zimbabwe governor Gideon Gono and Information Communication Technology expert Stafford Masie.
The three-day meeting is expected to tackle issues relating to the ease of doing business in
Zimbabwe, climate change and agriculture.
The meeting comes after Finance minister Tendai Biti’s recent announcement that he planned to reintroduce Treasury Bills as a financial instrument to improve liquidity on the domestic market.
It is estimated the sector required in excess of $4 billion to turnaround its fortunes. Local companies are reeling from lack of capital, obsolete equipment and erratic power supplies that had left them unable to compete.