The Chamber held an Externalisation Debate breakfast meeting on 29 March following the publishing of 1,844 externalisation cases by government. The forum provided an opportunity for the Private sector to respond on the externalisation issue and to understand the interpretation of the Exchange Control Act in relation to externalisation. Some of the recommendations from the Externalisation debate were that:
Control and liberalisation of the capital account must be done through Statutory Instruments which have to go through parliament for transparency purposes
There is need to review laws on illicit financial flows which has become a problem not only for Zimbabwe but for Africa
There is need for more engagement between the private sector and business
ZNCC President - Dr Divine Ndhlukula, BAZ President – Dr Charity Jinya, and Deputy Minister of Finance and Economic Development - Hon Terrence Mukupe during the Breakfast Meeting
Panelists during the Externalisation Debate Breakfast meeting. From left : Dr Charity Jinya- BAZ President, Tendai Biti- Legal practitioner, Hon Terence Mukupe – Deputy Minister of Finance and Economic Development, Luxon Zembe – ZNCC Past President, Hon Themba Mliswa – Member of Parliament
ZNCC Meeting with Bureau Veritas
The Chamber held a meeting with Bureau Veritas Vice Presidents, Arnaud De Lamotte and Jean-Michel Perret on 26 March. The meeting was part of the review process of the CBCA program and ZNCC members had an opportunity to present on their experiences with the CBCA program. Delays in the issuance of inspection certificates was cited as a major challenge given that it takes 14 days to acquire the certificate hence this needs to be reviewed to 48 hours.
ZNCC President, CEO and Members with the Bureau Veritas delegation
Establishment of the CFTA signed
Zimbabwe was part of African Countries that signed the Establishment of the African Continental Free Trade Area (AfCFTA) which was endorsed by 44 African countries during the 10th Extraordinary African Union Summit. This is a good initiative given that Africa has potential to become the most powerful economic bloc in the world. However, there is need for government to support local industries so that they become competitive and produce to meet local demand and exports so that foreign products do not flood the local market
AERC Senior Policy Forum
The Chamber was part of the delegation that attended the African Economic Research Consortium (AERC) twentieth senior policy seminar which was held in partnership with the Bank of Uganda from March 12-13 in Uganda under the theme “Rethinking Regional Integration in Africa.” The seminar provided an opportunity for policy makers, private sector and researchers to exchange experiences and views on macroeconomic policy. There is need for Africa to concentrate on improving economic management and to be competitive so as to enhance the ability to earn more income.
The Zimbabwe National Chamber of Commerce traditionally organises a luncheon during the ZITF week with this year’s luncheon set to be held on 27 April during the ZITF 59th edition. The luncheon will be held under the ZNCC 2018 theme “Enterprise Development, Corporate Entrepreneurship and Sustainable Growth.” Pan African Chamber of Commerce & Industry Executive director Kebour Ghenna is set to be the Guest of honour and the forum will also be graced by the Minister of Industry, Commerce and Enterprise Development, Hon Dr Mike Bimha.