czi ceo-mr clifford sileya 05-09-10.jpgCaptains of industry are set to converge for a one-day Confederation of Zimbabwe Industries (CZI) seminar aimed at setting local industry’s economic agenda for 2012.

The meeting which is set to attract over 200 local business people and government officials will provide a platform for reviewing economic progress made so far and crafting strategies towards enhancing competitiveness of the country’s products.

In an interview with ZBC News, CZI Chief Executive Officer, Mr. Clifford Sileya who expressed optimism of productive deliberations, said the economy is poised for improved performance in 2012.

Key speakers scheduled to present at the seminar include Reserve Bank of Zimbabwe Governor, Dr. Gideon Gono on the creation of a stable financial market as well as Professor Hawkins on the economic prospects for the year.

Industry expects capacity utilisation, which grew from 43% in 2010 to 57.2% last year, to increase to 80%.

However, despite the growth experienced, the high cost of borrowing and low power generation, hindered the performance of the local industry.