Chronicle EditorPrince Sunduzani, Business Reporter
THE Confederation of Zimbabwe Industries (CZI) will this month hold an economic outlook symposium to discuss key business strategies for the year and beyond.
Government and private sector representatives will share the stage during the seminar, which will run under the theme, “Business and Economic Performance Forecast” to be held on January 24 at a hotel in Harare.
In a statement yesterday, CZI said: “The symposium will provide business with key insights for strategic and operational planning for 2018 and the coming years. The symposium will be structured in four distinct sessions, which are; major economic drivers trends, creating the optimal policy and institutional mix for realising policy intentions in the new economic order, short term stabilisation measures and projections for key economic sectors”.
The event comes at a time when Government in the 2018 national budget statement announced a number of measures to promote economic growth in the country.
Presenting the $5.1 billion 2018 National Budget Statement under the “New Economic Order” theme, Finance and Economic Development Minister Patrick Chinamasa said the fiscal policy statement has to reflect the new trajectory that deals with the challenges facing the country. This, he said, demands well thought-out and focused Government interventions to achieve more rapid and sustained recovery that delivers on jobs as envisaged and outlined in President Emmerson Mnangagwa’s inaugural address on November 24.
Minister Chinamasa said the 2018 budget thus, seeks to re-direct substantial resources towards capital development priorities through increasing the capital budget thresholds from 11 percent to 15 percent in 2018 and 25 percent by 2020.
He said the investment drive under the New Economic Order will be complemented by the adoption of consistent and transparent policies that make Zimbabwe a conducive and competitive investment destination. — @PrinceNkosy102.
Online Reporter