Nine firms for Luanda Trade Fair

ZIMTRADE, the country’s export promotion body will next month co-ordinate the participation of nine companies at the forthcoming Luanda International Trade Fair (Filda) to be held in Angola.

MTHANDAZO NYONI
OWN CORRESPONDENT

In a weekly bulletin, ZimTrade said nine companies, drawn from the processed foods, furniture, clothing and textiles, household and electrical goods as well as the building and construction sectors will be participating at the fair.

The Filda is slated for July 22 to 27. The participation of nine local firms is part of ZimTrade’s strategy to enhance the country’s export earnings.

According to ZimTrade, the Luanda fair is a multi-sectoral event that showcases consumer goods, capital goods, agricultural machinery, food, textiles and school supplies, among others. Last year, 1 000 exhibitors from 35 countries in Africa, the United States, Europe and Asia exhibited.

ZimTrade is set to lead a trade and investment mission to Tete, Mozambique in August.

The mission is expected to build on the momentum gained during November 2012, when participating companies obtained orders and established contacts in Tete.

It will also be a follow-up to the first one that ZimTrade successfully organised in November 2012 and the subsequent Market Research of the Tete, Nuampula and Niassa provinces undertaken in April to May 2013.

Recently, ZimTrade released findings of the Angola Market Research that it undertook in May 2014.

The research revealed that opportunities for Zimbabwe products in Angola were in the construction materials, manufacturing, fresh produce, meat and processed foods, agricultural implements, professional services and retail shops, among others.

It revealed that Angola’s import bill currently stands at $20,5 billion, with the bulk of this being consumer goods and foodstuffs.

Angola is, therefore, a lucrative market that Zimbabwean exporters could tap into, said ZimTrade.

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