THE Confederation of Zimbabwe Industries (CZI) president Busisa Moyo will on Saturday address Bulawayo residents and businesspeople on the status of the city’s industry.
BY MTHANDAZO NYONI
The business breakfast organised by the Lobengula Brethren in Christ Church will see ordinary people and captains of industry in the city discussing and deliberating on issues affecting Bulawayo industry and come up with possible solutions.
According to the church’s youth pastor, Milson Ndlovu, Moyo will tackle issues such as Bulawayo’s de-industrialisation, entrepreneurship as well as operational challenges faced by Bulawayo businesses.
“The main focus of this business breakfast is to empower youths, mainly economically, so that they become independent,” Ndlovu said.
“We are hoping that through this event, business ideas will be generated. He [Moyo] will also speak about the state of Bulawayo’s industry and reasons why some of the companies are not opening. The forum should also come up with possible solutions and suggest ways on how businesses and ordinary people can survive in such times as these. Over 100 participants are expected to attend the forum.”
The forum, according to organisers, offers new programmes focused on uncovering opportunities by sharing knowledge on resources in Bulawayo.
The forum comes after Zimbabwe’s second largest city, once the country’s manufacturing hub, has seen over 100 companies close in recent years due to its perennial water problems, among others. According to economic analysts, the city’s industry needs an estimated $500 million in the short-term to recapitalise.
Analysts say because of its strategic location, Bulawayo plays an important role, not only in the national economy of Zimbabwe, but of the Sadc region as well.
According to Ian Ndlovu, an economics lecturer at the National University of Science and Technology, Bulawayo should focus on promoting tourism, light manufacturing, assembly and light assembly of products, instead of attempting to produce commodities which are produced elsewhere using superior technology and cheap labour.