Zim Trade Conference for Jo’burg

THE Zimbabwe Trade and Investment exchange conference aimed at rebuilding the country will be held in Johannesburg, South Africa starting Monday next week.

The conference will be held under the theme “Rebuilding Zimbabwe — the challenges and opportunities to outside investors”.
The theme reflects changes for the better and hope for the future. Given the general scope of the event, sectors which will be included are financial services, agriculture and manufacturing, infrastructure development, logistics and transport, tourism, health services and mining.
The conference is being organised by Omega Investment Research.
Since the formation of the GNU, there have been signs of recovery mainly due to dollarisation and the removal of price controls.
These policies together with other complementary ones embarked upon by government have ushered in a breath of life into what had become a dying economy.
Speaking at the 2009 manufacturing survey, Confederation of Zimbabwe Industries (CZI) president Kumbirai Katsande said: “The increased competition and opening up of borders across the globe to allow free movement of goods presents new challenges.”
“This calls for industry to be more innovative and to improve productivity if we (Zimbabwe) are to be competitive,” Katsande said.
“To achieve this productivity and competitiveness, a stable macro-economic and political environment is critical,” he said.
Zimbabwean industries had not been able to invest and retool over the past five years, due to lack of funds. While Zimbabwe was grappling with economic difficulties, the world was moving forward.
Zimbabwe’s Finance Minister Tendai Biti last month said he expected the economy to grow by 6% to 7% this year, a considerably more bullish forecast than the 3,7% expansion of gross domestic product the International Monetary Fund (IMF) recently projected.
Biti issued his forecast at the IMF annual meeting in Turkey offering an even more optimistic projection for 2010 during which he said economic growth could throttle up to a 15% pace as unused capacity comes on line and state assets are sold.
Biti said prices would fall 7% this year. — Staff Writer.

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