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Enacy Mapakame
HARARE – The Confederation of Zimbabwe Industries (CZI) says Zimbabwean firms should take advantage of the current positive sentiment to scout for investment and grow their businesses.
Late last year, the country’s leadership changed ushering in a new dispensation with hope for economic growth, restoration of the once sour relations with international money funders as well as an anticipated end to foreign direct investment (FDI) deficiencies.
In addition to that, President Emmerson Mnangagwa’s participation at the World Economic Forum in Davos, has also created fresh impetus in the economy with the outside world ready to engage Zimbabwe
Speaking at the CZI 2018 economic outlook symposium today, CZI president Sifelani Jabangwe the current positive sentiment was an opportunity for business to “strike the hammer while the iron is still hot.”
He said the symposium had come at a time the country had experienced a lot of changes within a short period of time, something that industry and businesses could take advantage of for their growth.
“A lot has happened lately, price instabilities, the new dispensation has ushered in new hop for the economy. Recently the pronouncements from Davos.
“This should assist business optimize production by taking advantage of this positive sentiment. There is need to convert the opportunities created by the new environment into tangible growth,” said Jabangwe.
The CZI symposium drew captains of industry together with the hope of analyzing the current environment, factoring in past experiences and come up with a possible outlook for 2018.
Worth to note is the slow start to the rain season which has a bearing on the country’s agriculture sector, harvest and also has a bearing on the amount of food that can be imported into the country.
Bongani Ndlovu