Zimbabwe has been elected to chair the Association of SADC Chambers of Commerce and Industry (ASCCI) for the next two years, a development which analysts say is the regionâ€™s vote of confidence on the local economy.
The election of Zimbabwe to lead the association comes at a time when the nation is working towards achieving double digit growth.
In an interview with ZBC News in the capital, the newly elected ASCCI president, Mr. Oswell Binha said the region has a lot of confidence on the countryâ€™s economy and the role that the private sector plays in the transformation of the economy.
ASCCI is an independent, non-profit organisation established in response to the growing need for effective participation of organised business in the SADC region.Â
The association is expected to work towards ensuring that there is greater voice to support private sector growth and the development of a free market economy system in the region.
Mr Binha will be deputised by Mr. Geoffrey Sakulanda of Zambia Association of Chambers of Commerce and Industry while Mauritius, Botswana, Swaziland and South Africaâ€™s delegates were elected executive members.