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Thursday, July 18, 2024

First-ever business confidence index launched

First-ever business confidence index launched

Owen Mandovha, Business Reporter

BUSINESS lobby organisation CEO Africa Roundtable is set to publish the country’s first-ever Business Confidence Index, which is expected to help government and policy makers to formulate proper economic policies.

The index follows extensive research carried out by researchers deployed countrywide by the CEO Africa Roundtable.

“Currently there are some research analysts we have deployed in the market countrywide to carry out some surveys of industry Captains and the business community to gauge how they perceive the operating environment as you know the Government has implemented policies that have impacted the business and economy in a different way,” said the chief executive officer of the CEO Africa Roundtable, Mr Kipson Gundani.

Mr Gundani said the Business Confidence Index is a key barometer that can help the government to formulate effective policies.

“The Index is going to be an important tool to measure how economic players see the economy in terms of the impact of policies on the operating environment informing policymakers on the effects of their policies,” he added.

The government, through the National Development Strategy One, has implemented a raft of policy measures aimed at improving the business operating environment.

These have paid off in growing the economy whose Gross Domestic Product is set to reach over US$66 billion this year, up from the US$35 billion forecasted by renowned financial advisory firm, World Economics.

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