The 2019 CEO Africa Roundtable has kicked off in Victoria Falls with calls for the country’s economic actors to urgently resolve the economic challenges and to pursue fiscal austerity in line with the Transitional Stabilisation Programme (TSP).
Over 200 world-leading experts and influential industry decision makers are in the resort town of Victoria Falls for a no holds barred indaba aimed at providing necessary stimulus towards resolving the country’s economic challenges.
For the next three days, the CEOs are expected to come up with clear roadmap to transform the domestic economy.
In his welcome remarks, CEO Africa Roundtable, Mr Oswell Binha described the current operating environment as uncertain and called for fiscal discipline and adoption of policies which take into account the need of investors and citizens.
“We have a number of economic challenges we need to address and most importantly, we need to prioritize fiscal discipline,” he said.
Keynote speaker, Advocate Jacob Mudenda said the private sector remains critical in the transformation of the economy and challenged the chief executives to be innovative and transformative if the country is to achieve desired growth.
“We need to have magnetic and innovative leaders who can transform the domestic economy,” he said.
Chairperson of the Parliamentary Committee on Public Accounts, Mr Tendai Biti called for a fiscal consolidation, reengagement and demonetization of the bond note.
“We seriously need to prioritise fiscal consolidation and live within our means. We also need to agree on the currency direction,” said Mr Biti.
The CEO Africa Roundtable is a high level platform for corporate chief executives and senior executives in both the private and public sector, created to advance economic development across Africa.