business meeting 20.09.10.jpgThe Business Council of Zimbabwe (BCZ) has come up with sub-committees for different sectors of the economy mandated to ensure that industry contributes towards the attainment of the envisaged US$100 billion Gross Domestic Product economy by 2030.

BCZ, which recently held its inaugural conference in Nyanga from the 16th to the 18th of November, resolved to come up with specific timeframes and structures to ensure the realisation of the anticipated US$100 billion economy.

BCZ Chairman, Mr David Govere, who expressed satisfaction with the commitment by both the government and industry for the transformation of the local economy, said the sub-committees are expected to spearhead the implementation of the agreed measures in the attainment of the US$100 billion economy vision.

The sub-committees, which are expected to meet once every month to review progress on intended activities, include among others the Energy Sub-committee led by the Confederation of Zimbabwe Industries (CZI); Transport, Infrastructure Sub-committee to be chaired by Zimbabwe National Chamber of Commerce (ZNCC); and the Business Confidence and Governance Sub-committee to be led by the Bankers Association of Zimbabwe (BAZ).

During the annual CEOs Roundtable held in Nyanga early this year, the local business sector came up with a US$100 billion Gross Domestic Product target by 2030.

The vision by the business sector is in line with the government’s goal for the attainment of a sustainable annual economic growth rate of 7% in the period 2011-2015 under the Medium Term Plan.