Private sector to spearhead engagement with govt to foster economic development

By Davison Vandira

ZIMBABWE’S private sector under the Zimbabwe National Chamber of Commerce (ZNCC) banner are gearing for an all inclusive engagement at the end of this month with government on economic matters bedevilling the economy.

Under the National Development Strategy One, Zimbabwe is seeking a private sector led real economic growth averaging 5 percent per annum towards the attainment of Vision 2030.

It is against this background that the Zimbabwe National Chamber of Commerce is engaging government to review progress as well as putting economic diagnostics to counter challenges affecting the economy, chief among them is inflation and exchange rate volatility.

This is a routine engagement that we are making with government in shaping the country’s economic destiny and this time around we will be focusing on macroeconomic factors which are threatening the sustainable existence of business,” ZNCC CEO Mr Christopher Mugaga.

Mr Mugaga also highlighted that the conference will act as a policy consultation platform to strengthen the economy’s resilience against external and domestic shocks.

“In as much as it will be about reviewing the economic journey so far, it will be also be used to shape prudent policies going forward especially the second half of the year and beyond,” he added.

Zimbabwe will be looking to give potency to the country’s productive sectors through initiatives that give rise to strengthened macroeconomic stability as it is a precursor to sustainable economic development.