Company growth critical for 2030 vision

Corporate News with Golden Sibanda
THE CEO Africa Roundtable conference held in the resort town of Nyanga last week set the tone for sustained individual company growth.
Admittedly, it is often difficult to make extraordinary achievements in life when a person works without a vision and target to reach within a given period.
However, the third edition of the KMFS CEO Roundtable caused a meeting of the minds of some of the country’s best brains to peer into the future.
Company executives, senior Government ministers, civil society and representatives of companies and special interest groups attended the conference.
This year’s edition of the KMFS CEO Roundtable 2011 conference was held under the theme “Towards a US$100 Billion Economy by 2030”.
What a befitting theme it was!
Sectoral committees constituted of delegates at the conference came up with the initial building blocks of what they deemed will be key for each sector and that details how the US$100 billion economy can be achieved.
Well, the US$100 billion dollar economy target would not be a mean feat, but one that is well within reach provided everyone works towards that goal.
The overall growth of the economy by the end of the year reflects the aggregate growth levels that would have been achieved at individual company level.
The Ministry of Finance has projected the economy to grow by 9,3 percent this year after it posted a 5,7 percent growth the prior year, despite a myriad of challenges such as power shortages and high cost of funding, among others.
It is with this in mind that KM Financial Solutions chief executive Mr Kenias Mafukidze implored all company executives to ensure their respective firms grow at an average of 15 percent for the next two decades.
The roundtable conference witnessed frank discussions on what the delegates deemed ought to be done to ensure a US$100 billion economy by 2030.
Vice President Joice Mujuru officially opened the event and in her keynote address said if there is unity of purpose the economy had potential for double-digit growth and that 2030 economic target was within reach.
The Vice President pledged to make a formal presentation to Government for the official adoption of the US$100 billion economy target by 2030.
She, however, stressed the need to ensure political peace and stability in the country, shunning corruption, consultations and dialogue in policy formulation, adequate power supply, common vision and foreign investment.
The Vice President also said the country needed to fully explore “quick win” opportunities available in the tourism sector and called for the full exploitation of opportunities in agriculture by better irrigation infrastructure.
Other senior Government officials at the conference included Finance Minister Tendai Biti, Saviour Kasukuwere (Indigenisation), Elton Mangoma (Energy), Tapiwa Mashakada (Economic Planning) among others.
With such senior Government representation it means the outcome of the conference and whatever was agreed will go into planning at national level.
It is therefore important that individual companies realign their growth plans in such a way that they develop at an average of 15 percent, which is the magnitude of growth the economy must achieve to realise the 2030 target.
Ministers who head ministries that have a significant bearing on the economy outlined requisite conditions for a US$100 economy target which must be easy for everyone to buy in.
It is important to note that the 2030 economic growth target will only be realised if, and only if, individual companies realign their models in such a way that they achieve minimum growth of 15 percent per annum.
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