Lo­cal au­thor­i­ties to hold in­vest­ment ind­aba

Chronicle (Zimbabwe) - - National News - Ruwende

ZIM­BABWE’S ur­ban lo­cal au­thor­i­ties have agreed to host an in­vest­ment con­fer­ence later this month to ad­dress se­ri­ous bud­getary con­straints which have com­pro­mised ser­vice de­liv­ery.

The con­fer­ence, dubbed the Lo­cal Gov­ern­ment In­vest­ment Con­fer­ence (LOGIC), is ex­pected to at­tract 400 par­tic­i­pants who in­clude del­e­gates from the 32 ur­ban lo­cal au­thor­i­ties, rep­re­sen­ta­tives of in­dus­try and com­merce, and re­gional and in­ter­na­tional in­vestors.

LOGIC or­gan­is­ing com­mit­tee chair­per­son Coun­cil­lor Hu­bert Fidze said in­stalled in­fra­struc­ture was fail­ing to cope with an ever-in­creas­ing ur­ban pop­u­la­tion.

“Most of our cities and towns are fac­ing quite a num­ber of chal­lenges which you the mem­bers of the me­dia have been high­light­ing for a long time. As the city fa­thers we have been strug­gling to ad­dress these chal­lenges with limited bud­gets,” said Coun­cil­lor Fidze.

“Hav­ing re­alised our com­mon chal­lenges as ur­ban lo­cal au­thor­i­ties, we have to­gether de­cided to host an in­vest­ment con­fer­ence,” he said.

“Our ma­jor aim is to show­case in­vest­ment op­por­tu­ni­ties avail­able in ur­ban Zim­babwe to lo­cal and in­ter­na­tional in­vestors.

“Zim­babwe’s de­vel­op­ment tra­jec­tory is guided by Zim-As­set. Lo­cal au­thor­i­ties, through the Min­istry of Lo­cal Gov­ern­ment, Pub­lic Works and Na­tional Hous­ing, are res­i­dent in So­cial Ser­vices and Poverty Erad­i­ca­tion and In­fra­struc­ture and Util­ity Clus­ters.”

He said due to the cross cut­ting na­ture of lo­cal au­thor­i­ties’ work, link­ages to var­i­ous other clus­ters also ex­ist, adding that lo­cal au­thor­i­ties play a crit­i­cal role in achiev­ing tar­gets set un­der Zim-As­set.

Clr Fidze said tar­gets set for the de­liv­ery of hous­ing could only be achieved through part­ner­ships with in­vestors and, by host­ing the con­fer­ence, lo­cal au­thor­i­ties were af­firm­ing their readi­ness to em­brace in­vest­ment.

“De­te­ri­o­ra­tion of ser­vice de­liv­ered by lo­cal au­thor­i­ties in Zim­babwe is due to lack of fi­nan­cial re­sources which is what we want to ad­dress through the in­vest­ment con­fer­ence.

“We are mind­ful of the fact that we can­not achieve our goals on our own as ur­ban lo­cal au­thor­i­ties with­out the par­tic­i­pa­tion of our cor­po­rate and so­cial part­ners and all other stake­hold­ers,” he said.

The con­fer­ence is sched­uled for Oc­to­ber 17 to 21 this year.

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