THE Institute of Chartered Accountants of Zimbabwe (ICAZ) Winter School rolled into life yesterday in Victoria Falls with captains of industry converging to deliberate on strategies to attract foreign direct investment (FDI) to help grow the country’s economy.
ELIAS MAMBO/TODDY CHIKOMO
This year’s winter school, which will end on July 27, is being held under the theme Attracting FDI for Economic Growth and has attracted more than 200 delegates.
The event is expected to proffer effective ideas on attracting FDI and restoring business fundamentals through an array of highly experienced local and international speakers who have been drawn from various sectors of the economy.
The country has struggled to attract FDI due to concerns over the perceived lack of respect for property rights and uncertain business climate, particularly the implementation of the controversial indigenisation and empowerment policy.
In his welcoming remarks, ICAZ president Tinashe Rwodzi said this year’s winter school had attracted a wide range of local and regional speakers.
“We have lined up a wide range of local and regional speakers with skill and experience aimed at bringing fresh ideas as we try to grow this economy,” Rwodzi said.
The conference is also expected to tackle various topics which include the indigenisation policy, for which Indigenisation minister Francis Nhema will deliver a speech, and restoration of past glory in agriculture on which for Agriculture deputy minister Paddy Zhanda will make a presentation.
Finance and Economic Development minister Patrick Chinamasa, who will be the keynote speaker, will tackle the theme topic while John Woods, a partner at Deloitte Zambia, yesterday presented a topic on mining, exploration and beneficiation.
In his address, Woods said FDI especially in mining could only be attracted in a country with sound economic policies.
“Mining investment can only be attractive where deposits are located in an economy with stable governance, infrastructure, and respect of property rights,” Woods said.