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Business and Technology

Zimbabwe and Zambia trade reaches US$59,2 million

Zimbabwe’s industry is looking at possibilities of increasing exports to Zambia after trade between the two countries reached US$59,2 million in the first five months of the year.

ZimTrade statistics indicate that the current trade volumes are however in favour of Zambia, prompting local firms to embark on a fact-finding mission aimed at finding ways to reduce the deficit.

ZimTrade Chief Executive Officer, Mr Allan Majuru såaid hope has however not been lost in increasing the export market base to Zambia.

“The opportunities are there for us to see and it is just a matter of time before we look at possible ways to boost exports,” he said.

ZimTrade indicated that fast-moving consumer goods and mining supply sectors stand to benefit more due to increased demand from the neighbouring economy.

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Source – ZBC

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