Industry can consolidate the gains attained in the first half of the year through engaging banks to provide lines of credit, innovation and concerted efforts to lower the high cost of doing business.

A multi-sectoral approach is required to ease challenges that faced industry in the first half of the year resulting in companies in the clothing sector, iron and steel industry and horticulture struggling to break even.

Zimbabwe National Chamber of Commerce chief executive officer, Mr Christopher Mugaga said the 0.7 percent gross domestic product growth attained in 2016 reflected in terms of first half performance creating need for banks to improve funding to productive sectors.

Chartered Institute of Customer Relationship Management executive director, Dr Mthokozisi Nkosi highlighted the need for industry to embrace innovation so as to improve competitiveness.

Industry is optimistic increased agriculture performance witnessed so far will stimulate value addition in the second half of the year.

Economic experts opine that government should also speed up reforms to ease of doing business environment to boost industry performance and lure more foreign direct investment.