Byo hosts trade, in­vest­ment ind­aba

Chronicle (Zimbabwe) - - Opinion/business - Bianca Mlilo Busi­ness Re­porter

THE Zim­babwe Na­tional Cham­ber of Com­merce ( ZNCC) to­day hosts its an­nual Trade and In­vest­ment Op­por­tu­ni­ties Con­fer­ence in Bu­l­awayo with a fo­cus on in­creas­ing syn­er­gies be­tween lo­cal and for­eign in­vestors.

The cru­cial event is ex­pected to cul­mi­nate in the sign­ing of the ZNCCZim­babwe busi­ness con­nec­tion mem­o­ran­dum of agree­ment.

The con­fer­ence, which is in its fourth edi­tion, will fo­cus on syn­er­gies with Zim­bab­weans in South Africa who seek to in­vest in Zim­babwe through the South Africa Zim­babwe Busi­ness Con­nec­tion.

ZNCC is push­ing for syn­er­gies with its re­gional part­ners and is op­posed to bor­row­ing for re­cap­i­tal­i­sa­tion of Zim­bab­wean firms.

“We are pro­mot­ing re­cap­i­tal­i­sa­tion of Zim­bab­wean firms through eq­uity as op­posed to debt. We be­lieve that debt is an ex­pen­sive form of cap­i­tal, which Zim­bab­weans can­not af­ford at present.

“As such we are en­cour­ag­ing merg­ers and ac­qui­si­tions as a means of re­cap­i­tal­is­ing and re­viv­ing our lo­cal firms,” said ZNCC in a state­ment.

“It is our hope that this ini­tia­tive will yield the de­sired div­i­dend and that the wheels of in­dus­trial re­form will com­mence hence­forth.”

The one-day con­fer­ence will run un­der the theme “Re­gional Syn­er­gies for In­vest­ment Suc­cess”.

In­dus­try and Com­merce Min­is­ter Dr Mike Bimha would grace the oc­ca­sion. Youth, Indi­geni­sa­tion and Eco­nomic Em­pow­er­ment Min­is­ter Pa­trick Zhuwao and Dr Obert Mpofu who heads the Min­istry of Macro-Eco­nomic Plan­ning and In­vest­ment Pro­mo­tion would also at­tend.

The pres­i­dent of the South AfricaZim­babwe Busi­ness Con­nec­tion, Mr Jus­tice Maphosa, will give the key­note ad­dress while Dr Khu­phuk­ile Mlambo, the deputy gover­nor of the Re­serve Bank of Zim­babwe, will make a pre­sen­ta­tion on Zim­babwe’s eco­nomic out­look, post­bond notes in­tro­duc­tion.

Also of­fi­cials from the Zam­bia Devel­op­ment Agency, Botswana In­vest­ment Trade Cen­tre, Jo­han­nes­burg Cham­ber of Com­merce and In­dus­try would at­tend.

Zim­babwe In­vest­ment Author­ity chief ex­ec­u­tive of­fi­cer Mr Richard Mbaiwa will present on the in­vest­ment cli­mate in Zim­babwe. — @Bian­caMlilo

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