Business summit for Byo


A LOCAL Christian organisation, Wealth Word International, will next week host a business summit to map out strategies on improving local business which is currently in the doldrums.


The summit will be running from December 4 to 8 focusing on building a culture of entrepreneurship and sustenance of small businesses in Bulawayo, a city saddled with a plethora of challenges after close to 100 companies closed shop last year.

The organiser of the summit, Jonah Nyoni, told Southern Eye that the event came at a time when business was depressed. Nyoni said the conference was expected to come up with strategies of improving livelihoods in the city.

“We believe that through these strategies, as Zimbabweans, we will be able to create family sustenance through job creation and help in the expansion of the economy.We will be able to fulfil the dream of empowering Zimbabweans,” Nyoni said.

“To those already in business, we aim to have them empowered for growth and expansion through game-changing strategies, among which is networking and cross pollination of ideas,” he added.

Kingdom Bank founder Nigel Chanakira is expected to speak at the conference while company executives and other government officials have been invited to attend.

Bulawayo business is depressed as companies are battling with low capitalisation largely due to shortage of working capital, antiquated machinery and erratic power supplies, among other challenges.

Government officials and captains of industry have of late been holding conferences in the city in an effort to map out an implementation strategy to salvage the economy. However, little has been achieved with more company liquidations and foreclosures. As of August this year, 20 companies have been placed under judicial management.