ZimTrade to participate in Kwekwe Expo

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ZIMTRADE, the country’s export promotion body, is set to participate in the fifth edition of the Kwekwe Expo being organised by the Kwekwe Publicity Association this month.

MTHANDAZO NYONI
OWN CORRESPONDENT

The expo, scheduled for September 25 to 27, would be held under the theme “Building Socioeconomic Blocks through Innovation”.

“The seminar aims at disseminating information on trade and investment opportunities available in Angola, following the market research conducted in May 2014,” ZimTrade said.

The organisation will also have an information stand where it will publicise its trade development and promotion services as well as provide trade related advice to the Kwekwe business community.

Demonstrations will be conducted on utilising platforms such as the EU Help Desk and the International Trade Centre’s market analysis tools — Trade Map, Market Access Map and the Trade Competitiveness Map.

ZimTrade will host an Export Awareness Seminar on the first day of the expo.

The Angolan Market Research according to ZimTrade, generated specific information on possible business opportunities as well as other useful market-related information.

Since the introduction of the multi-currency regime in 2009, Zimbabwe’s trade performance has not been satisfactory and the balance widened from $1,3 billion in 2009 to $4,1 billion in 2013.

Increasing exports, particularly those of value-added products, will play a major role towards the reversal of this unsustainable situation.

Presenting the Angola Market Research findings in June, Africa Corporate Advisors executive director Mike Nyamazana said opportunities for Zimbabwe products in Angola were in the construction/construction materials, manufacturing, fresh produce, meat and processed foods, agricultural implements, professional services and retail shops, among others.

He said Angola was well endowed with a wide range of natural resources and good agricultural climatic conditions. Nyamazana said the mining sector was being resuscitated and the government was looking for potential investors.

He said almost 90% of the goods used in the country were imported and these included foodstuffs, consumer goods, capital goods, machinery and vehicles, among others.

He said Angola’s annual import bill was of the order of $20,5 billion per year, hence this presented an opportunity for Zimbabwe to supply some of the requirements as it has a distance advantage.

Nyamazana urged companies interested in doing business in Angola to follow their business laws, label their products in Portuguese and make joint partnerships with local Angolan companies to be legible to access financial services.