THE Zimbabwe International Trade Fair Company (ZITFC) in collaboration with South Africa-based company MN Capital Group will host a public-private partnership (PPP) investment and finance summit next year, in an effort to come up with initiatives to salvage the country’s dampening economy.
The summit which is slated for May 5 at the ZITF grounds would focus on establishing collaborative partnerships between the government, private sector and other stakeholders and come up with initiatives to attract investment in infrastructure development.
“This meeting will seek to facilitate engagement of the private sector to enhance the government’s efforts to achieve sustainable economic growth in Zimbabwe,” MN Capital Group said in a statement.
“The meeting will feature prearranged one-on-one break-away meetings for participants who wish to establish partnerships based on specific common areas of interest” the company added.
The inaugural Zimbabwe PPP investment and finance summit preludes the ZITF 55th international exhibition slated for May 6-10 next year under the theme, “New Ideas to New Heights — Progress through Innovation”.
The summit will seek to facilitate engagement of the private sector to enhance the government’s efforts to achieve sustainable economic growth in the country in line with the recently launched economic blueprint the Zimbabwe Agenda for Sustainable SocioEconomic Transformation (Zim Asset).
Zimbabwe’s economy remains in the doldrums partly attribute to political instability.
“Ever since the economic turmoil sunk its teeth and attempted to halt even the strongest of economies, business leaders are seeking best ways to navigate in a world of VUCA — volatility, uncertainty, complexity, ambiguity — an environment that is now popularly referred to as ‘the new normal,” MN Capital Group said.
“It is in this regard that we call upon business leaders to put their hands together and share alternative growth strategies to achieve sustainability in these times of uncertainty’,” the company added.
The key stakeholders of the summit would include public and private sector representatives, regional and international financiers, project owners, private equity and venture capital firms among other stakeholders.
The discussion areas would include mobilising private sector involvement in the economic growth activities, implementation of preset economic growth strategies, the government’s investment policies and regulations, innovative financing mechanisms for infrastructure development, food security, social services and poverty eradication strategies and available investment opportunities, among other topics.