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ZNCC to hold trade, investment dinner in Byo

Business
THE Zimbabwe National Chamber of Commerce (ZNCC) will tomorrow hold its trade and investment dinner in Bulawayo, aimed at crafting lasting solutions to the country’s energy crisis.

THE Zimbabwe National Chamber of Commerce (ZNCC) will tomorrow hold its trade and investment dinner in Bulawayo, aimed at crafting lasting solutions to the country’s energy crisis.

BY MTHANDAZO NYONI

The dinner will run under the theme Reviving energy sector to energise the economy.

“This dinner stems from the alarming reports that the water levels at the Kariba dam are below 50% and as such we are cognisant of the adverse impact this has on the power output of the national grid,” ZNCC Bulawayo branch manager, Mduduzi Ncube said.

“With reduction in power production, comes an imminent reduction in industrial productivity, which subsequently translates to shrinkage in the already lean gross domestic product. As captains of industry, we have deemed it fit to address this looming quagmire through initiating dialogue aimed at crafting lasting solutions to our energy woes.”

Obert Mpofu
Obert Mpofu

Among the expected delegates at the dinner are, Energy and power development minister Samuel Undenge, Macro-economic Planning and Investment minister Obert Mpofu, Zera chief executive officer Gloria Magombo, PTA Bank audit director James Kabuga, as well as AFREXIM Bank country representative.

Ncube said it was the group’s desire to ensure the success of the gathering of business executives and captains of industry in Matabeleland.

“As a premier chamber event in Matabeleland, we believe the trade and investment opportunities dinner will provide with the right platform to network with decision-makers of corporate Matabeleland,” Ncube said.

Zimbabwe is only generating half of its peak demand of 2 200 megawatts with households and industry having to endure outages of up to 18 hours a day. The country’s power situation has been further exacerbated by low water levels at Kariba dam, which have seen the hydro power plant’s generation capacity being reduced by more than 30%.