CEO Africa Round Table has called on Chief Executive Officers from different organizations to come on board and work together in effort to resuscitate the economy while saying Zimbabwe has suffered from short-term, planning horizons.
Addressing the media at a breakfast meeting in Harare, CEO Africa group chairman Oswell Binha said it is necessary for CEOs, to make a critical contribution in propagating for the agenda 2040 which aims at creating new jobs and increasing credit provision supported by the national brand.
“Zimbabwe is trapped in a vicious cycle that links sluggish growth with high public debt, fiscal tightness, and difficult credit conditions.
“The crisis is therefore not only a matter of public finances; it has spilled from the macro level to the micro level, affecting firms and households.
“Whilst a number of structural reforms have been muted in the 2018 national budget, they need to be supported by short-term measures aimed at boosting growth, creating new jobs and increasing credit provision supported by, not only well defined and explicit national brand, but a long-term national economic vision – agenda 2040.
” The country has persistently suffered from short-term planning horizons of , at the very best, five years. It is necessary for the CEO, to make a critical contribution in propagating for the agenda 2040 as a bare minimum condition for organized economic development in the country,” said Binha.
He noted that CEOs are integral in operations of companies and quasi-government institutions.
“Chief Executive Officers and directors of businesses and other organizations are key stakeholders in the socio-economic development of countries.
“Their decisions directly or indirectly influence not only national policies but a critically wide spectrum of resource allocation in the nation-state.
“CEOs are integral in operations of companies and quasi-government institutions, which makes their positioning in an economic development strategy,” he said.
Zimbabwe CEO round table is the gathering of the most influential Zimbabwean and
international CEOs, Heads of Parastatals, Bankers and investors, Development Partners and Senior Government officials.
