By Davison Vandira
A private sector-led business delegation is in Cairo, Egypt, to attend a two-day technical conference for the development of quality and sustainable investment as the country eyes an upper middle income society by 2030.
The Zimbabwe National Chamber of Commerce (ZNCC) is leading a private sector delegation whose main focus and emphasis is on sustainable foreign direct investment to propel economic development in various sectors.
Under the National Development Strategy One, private sector-led economic growth is being sought to enhance wealth creation through development of employment opportunities.
It is in this context that the Zimbabwean delegation is pursuing long term and sustainable investment options and resource mobilisation to satisfy the country’s economic growth aspirations.
“We are here in Cairo for this important engagement in as far as sustenance of investment is concerned and for Zimbabwe, it is critical because we are chasing specific economic targets that have timelines. As such, as private sector we are playing our role for the development of our nation,” said Christopher Mugaga, ZNCC Chief Executive Officer.
The country’s investment promotion and resource mobilisation thrust has been premised on technology transfer and innovation to strengthen the re-industrialisation agenda.