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Thursday, May 23, 2024

CZI Annual conference kicks-off

CZI Annual conference kicks-off

Story by Stanley James, Business Editor

THE manufacturing sector is upbeat about future export growth, riding on stable economic conditions and reliable electricity supplies.

The three-day Confederation of Zimbabwe Industries (CZI) Annual Conference started this Wednesday, with a review of overall performances.

Manufacturing sector consultant Mr Sean Gammon gave a glimpse of what to expect next year.

“The sector has had its fair share of performances this year, mainly riding on sustained growth but this has to be underpinned by a robust growth in overall economy,” he said.

Old Mutual Zimbabwe Insurance Managing Director Mrs Gloria Zvaravanhu outlined factors that will consolidate current gains.

“A lot of exciting things have happened but there is still more work that needs to be done to realise more positive effects arising from the growth performance, therefore the sustained growth hinges on stable economic conditions and improved electricity supplies,” she said.

CZI President Mr Kumbirai Matsheza noted the need for the manufacturing sector to broaden its export market base.

“Deliberations are also on what can be done to increase the export market share in the African Continental Free Trade Area taking into account the expected benefits that are likely to accrue and also how the industry can embrace quality goods to effectively compete in the targeted markets,” he said.

The annual CZI conference is being held when official data reveals continuous growth in manufacturing sector units aided by the government’s pro-business policies.

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