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First Capital promotes business



FIRST Capital Bank chief executive Tapera Mushoriwa and other high-profile captains of industry held a webinar (an online seminar) on Wednesday to explore business opportunities in the manufacturing sector.

Some of the executives who were involved include Confederation of Zimbabwe Industries chief executive Sekai Kuvarika, ZimTrade boss Alan Majuru and Zimbabwe National Chamber of Commerce corporate leader Chris Mugaga.

The economic and business engagement will help active and aspiring entrepreneurs who want to deepen their ideas, knowledge and operations in the critical sector the economy. Manufacturing has traditionally played a key role in the economic growth of developing countries, although its importance has diminished over the last 20 to 25 years.

Industrialisation — or increases in the share of manufacturing in GDP ratio — is a key feature of modern economic growth despite all the challenges it faces. The critical interesting online discussion on LinkedIn and Facebook was held under the theme “Navigating the Export Maze: Opportunities and Challenges in the Manufacturing Business Sector”. The webinar explored business opportunities in the manufacturing sector that active and aspiring entrepreneurs in the country can explore.

Meanwhile, in a bid to promote business and start-up operations, particularly women, First Capital Bank Limited is sponsoring business discussions to share ideas and exchange notes on how to build and run companies smoothly.

Through its Hustlepreneur Hotseat, First Capital on Tuesday held a discussion with Chipo Mabota, founder and managing director Cooper and Jones Global Logistics. Mabota talked about her career, how she made it in a male-dominated business sector; and women’s empowerment, one of her favourite subjects.

The theme of her discussion was “My Enterpreneurial Journey in the Logistics Space”. The topic was central to how businesses operate. While the terms “logistics” and “supply chain” are sometimes used interchangeably, logistics is mainly an element of the overall supply chain. Logistics deals with the movement of goods from point A to point B, which entails two functions: transportation and storage or warehousing.

The overall supply chain is a network of businesses and organisations working in a systematic sequence of processes, including logistics, production and distribution of goods. In logistics, they say “an army marches on its stomach” — that is; keeping forces well-provisioned is fundamental to success in war.

This launched logistics as a field of military concentration. A supply chain is essentially a series of transactions. Mabota shared ideas and insights on that subject matter. — Staff Writer.

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