business meeting 20.09.10.jpgZimbabwe is set to host the second edition of the International Private Sector Financing and Strengthening Conference to unlock opportunities for local firms to forge strategic alliances with financial houses from Asia.

The conference is anticipated to unlock funding for the local industry which is facing liquidity constraints resulting in low capacity utilisation.

In an interview with ZBC News in the capital, DEAT Capital Managing Director, Mr. Nicky Moyo said the conference attracts delegates from Singapore, South Africa, China and Hong-Kong among other emerging economies, adding that with the current debt crisis in Europe there is need for firms to look east.

Several conferences have been held in the capital with a view of raising capital for struggling firms which has resulted in the de-industrialisation of small towns in the country.

However, nothing has been availed yet while observers believe investment does not happen overnight.

Stakeholders from Johannesburg Stock Exchange, Singapore Stock Exchange and officials from the local bourse will take part in the conference slated for next month.

Topics on the agenda are Asia markets as a source of capital and trade opportunities, role of investor relations and capital markets, international markets outlook in search of capital raising opportunities among others.