The Ministry of Industry and Commerce will host an indaba in Bulawayo meant to strategise on the resuscitation of the former industrial hub.
During his familiarisation tour of the Southern Africa Matabeleland Industrial Company in Bulawayo, Industry and Commerce Minister Nqobizitha Mangaliso Ndlovu said industrialists are set to converge in the City of Kings in the next two weeks to discuss how to awaken the sleeping giant.
“We want to see how we can bring every stakeholders together and map the way forward for Bulawayo. My take is that there are a number of companies that have to work together to come up with strategic value chain initiatives,” said Minister Ndlovu.
Minister Ndlovu highlighted that his Ministry in conjunction with the Ministry of Finance and Economic Development are working on coming up with joint venture capital as alternatives so that industrialists do not depend on the government for financing.
“We haven’t been doing well in terms of research. I don’t remember when was the last time l heard that there is a new product,” Minister Ndlovu added.
Director Bikes and Boats Mr Bruce Hampson said they have set up Southern Africa Matabeleland Industrial Company (SAMIC), a group of companies which include United Spring, CT Bolts, King George VI, Bike Bar Coaters, Leofree Tech, Rubber Products and Dunlop Tyres.
SAMIC is expected to offer alternative and cheap mode of transport.
The project is also set to create more than 250 000 jobs in the country.