Captains of industry and commerce have pledged support to the economic empowerment policy reforms aimed at ensuring the achievement of an upper middle income economy by 2030.
A meeting coordinated by Zanu PF to solicit views from the business community ahead of the indigenisation and economic empowerment policy review saw the Zimbabwe National Chamber of Commerce (ZNCC) representative Mr Archie Dongo reaffirming the institution’s commitment on the proposed reforms.
“We are really interested in the reforms and we hope it will provide clarity to investors on what is really needed to sustain growth,” Mr Dongo said.
Confederation of Zimbabwe Industries immediate past president Mr Sifelani Jabangwe said there is need to include the private sector in solving the current challenges facing the economy.
“We are always looking to the policy in a move that we think will bring better ideas to the nation,” he said.
Chamber of Mines Chief Executive Officer, Dr Isaac Kwesu noted that policy clarity and consistency is imperative.
“After policy clarity has been achieved then we can really start talking about other key issues,” Dr Kwesu said.
Even the small scale companies should be integrated into the economic empowerment system, notes a local entrepreneur Ms Rebecca Chidziva.
“SMEs are always crucial yet they do not have access to the needs and values of this economy, we also need to be integrated for the benefit of this economy,” said Ms Chidziva.
Zanu PF Secretary for Indigenisation and Economic Empowerment, Dr Mike Bimha said the consultations are being made to clear misconceptions by some people about the Indigenisation and Economic Empowerment Act.
“We really need business and your views will play a key role in shaping the direction of the entire economy,” he said.
The government recently liberalised all mining investments including the diamond and platinum sectors after removing the previous indigenisation regulations which drove away investors.