THE national trade development and promotion organisation, ZimTrade, is targeting to increase exports to the African continent following positive engagements at the just ended 3rd Intra Africa Trade Fair (IATF) held in Cairo, Egypt recently.
The premier African trade fair was held in collaboration with the African Union and the secretariat of the African Continental Free Trade Area (AfCFTA) to facilitate trade and investment deals worth US$43 billion.
The trade fair offers a unique platform for businesses to access an integrated African market of over 1,3 billion people with a gross domestic product (GDP) of over US$3,5 trillion created under the AfCFTA.
ZimTrade communications manager Mr Danai Majaha said judging by the nature and number of inquiries, the trade promotion body is confident it will reach targeted deals worth in excess of US$20 million.
He said local firms that participated were able to establish strong networks with various distributors and buyers from across the continent.
He said the general sentiment was that Zimbabwe is home to top-quality products as most of the buyers showed willingness to import.
“We are confident that after IATF we should be able to see growth in the exports from Zimbabwe to the African continent and we are also happy that the companies which were participating were also able to connect with suppliers of raw materials, most of which they were importing from out of Africa.
“So, we are positive that when they start sourcing these raw materials from Africa and including the neighbouring countries, this will lower the cost of production which will improve the competitiveness of their products,” he said.
“Some companies were able to take stock of their production processes and benchmark what they are producing with the standards in Africa where they need to improve.
“They were able to learn from other producers so that they improve on the quality of their products and we are happy that they were able to learn from peer review.”
He added that producers and buyers from Africa were satisfied with what Zimbabwe is producing and they are looking forward to continuing the engagement with Zimbabwean producers.
Going forward, he indicated that ZimTrade will be undertaking several programmes to connect Zimbabwean exporters with buyers in Africa.
About 20 companies got an opportunity to exhibit their goods and services at the just ended IATF.
Zimbabwe’s participation at the fair is in line with its engagement and re-engagement drive, which is being spearheaded by President Mnangagwa.
To further grow exports, Zimbabwe targets one of the world’s largest free trade areas, AfCFTA that provides a great opportunity for businesses to capitalise on the continent’s growing sectors.
Giving an update to Cabinet on the 3rd Intra- African Trade Fair, Minister of Foreign Affairs and International Trade Honourable Dr Fredrick Shava said President Mnangagwa led a delegation to the fair, whose objective was to create avenues to harness trade and investment opportunities through the Africa Continental Free Trade Area (AfCFTA). Zimbabwe, Egypt, Botswana, Malawi, Benin, Chad and two financial institutions (Afreximbank and Arise Integrated Industrial Platforms) signed the Export Agriculture for Food Security Initiative.
Dr Shava said Afreximbank is committing billions to boost production, processing and intra-African trade in agricultural products and Zimbabwe is expected to benefit from the fund.
IATF brings together continental and global players to showcase and exhibit their goods and services and to explore business and investment opportunities in the continent. It also provides a platform to share trade, investment and market information with stakeholders and allows participants to discuss and identify solutions to the challenges confronting intra-African trade and investment.
In addition to African participants, the trade fair is also open to businesses and investors from non-African countries interested in doing business in Africa and in supporting the continent’s transformation through industrialisation and export development. —@SikhulekelaniM1
Minister warns scammers impersonating his name – NewsDay
Machakaire said he has since filed a police report while also conducting private investigations to bring the scammers to book.
Youth Empowerment and Development minister, Tinoda Machakaire, has warned Zimbabweans at home and abroad to be wary of yet-to-be-identified scammers who are on the prowl impersonating him and other high-profile Zimbabweans demanding money.
In a statement, Machakaire accused the scammers of causing him reputational damage in business, politics, and government.
Machakaire said he was inundated with reports of fraudsters impersonating him and using foreign-registered telephone numbers to target their victims requesting money.
“It has come to our attention that there are misleading messages circulating on social media, requesting for payments or suggesting business partnerships with high-profile Zimbabweans. One of the names used is Machakaire,” Machakaire said.
“The public is being warned to be alert and wary of any United Kingdom, South Africa and Mozambique phone numbers which will be used to impersonate high profile Zimbabweans asking for money transfers.”
Machakaire said he has since filed a police report while also conducting private investigations to bring the scammers to book.
“Be advised that police and other law enforcement authorities are on the lookout for such scammers and legal action will be taken to deal with such criminals,” he said.
“We want to warn the public about the same and falsehoods being spread by unscrupulous criminal elements. We condemn their actions and we are conducting investigations to find those who are involved in such criminal activities.
“The scammers are using the phone number below +27 843 663 324.”
There have been several reports of Zimbabweans falling victim to scammers who impersonate high-profile people to cheat people of their money.
Minister warns scammers impersonating his name – NewsDay
Machakaire said he has since filed a police report while also conducting private investigations to bring the scammers to book.
Youth Empowerment and Development minister, Tinoda Machakaire, has warned Zimbabweans at home and abroad to be wary of yet-to-be-identified scammers who are on the prowl impersonating him and other high-profile Zimbabweans demanding money.
In a statement, Machakaire accused the scammers of causing him reputational damage in business, politics, and government.
Machakaire said he was inundated with reports of fraudsters impersonating him and using foreign-registered telephone numbers to target their victims requesting money.
“It has come to our attention that there are misleading messages circulating on social media, requesting for payments or suggesting business partnerships with high-profile Zimbabweans. One of the names used is Machakaire,” Machakaire said.
“The public is being warned to be alert and wary of any United Kingdom, South Africa and Mozambique phone numbers which will be used to impersonate high profile Zimbabweans asking for money transfers.”
Machakaire said he has since filed a police report while also conducting private investigations to bring the scammers to book.
“Be advised that police and other law enforcement authorities are on the lookout for such scammers and legal action will be taken to deal with such criminals,” he said.
“We want to warn the public about the same and falsehoods being spread by unscrupulous criminal elements. We condemn their actions and we are conducting investigations to find those who are involved in such criminal activities.
“The scammers are using the phone number below +27 843 663 324.”
There have been several reports of Zimbabweans falling victim to scammers who impersonate high-profile people to cheat people of their money.
Cops in court over stolen Presidential inputs – NewsDay
Nelson Chinembiri (36) and Maxwell Mukono (34), who are both stationed at Marondera Criminal Investigation Department, appeared before magistrate Marehwanazvo Gofa, who remanded them to today for bail application.
TWO police detectives appeared at the Harare Magistrates Court yesterday charged with criminal abuse of office after they took bribes to conceal the theft of Presidential farming inputs.
Nelson Chinembiri (36) and Maxwell Mukono (34), who are both stationed at Marondera Criminal Investigation Department, appeared before magistrate Marehwanazvo Gofa, who remanded them to today for bail application.
Allegations are that on October 24 this year, Diana Dune, an Agritex officer in Macheke, was issued with 75 x50kg bags of Compound D fertiliser and 75x10kg bags of maize seed at Timbermills Grain Marketing Board (GMB) in Macheke.
The inputs were issued under the Presidential inputs scheme and were meant to be distributed to farmers in ward 34, Macheke.
It is alleged that instead of taking the inputs to ward 34, Dune connived with Solomon Makaka and sold the fertiliser to Maxwell Takawira, a local businessman.
The State alleges that on November 3, the accused persons received information about the theft of the fertiliser and proceeded to Munamba business centre, where they found the 75x50kg bags of fertiliser at Takawira’s shop.
Instead of seizing all the fertiliser, the duo demanded a bribe to cover up for the theft.
Takawira allegedly gave the accused persons US$500.
Chinembiri and Mukono only seized 20x50kg bags and left behind 55x50kg bags.
The accused persons then told Takawira to move the remaining 55 bags to a secure place to conceal evidence of the theft.
It is alleged that on November 4 and 5, the duo arrested Makaka and Dune and took them to Marondera Magistrates Court for remand placement.
It is alleged that later during the same week, the accused persons met Takawira at N Richards shops in Marondera and demanded more money and they were given US$100.
The State alleges that on a different occasion, the accused persons met Takawira at Marondera Post Office and they were given US$130.
In total, they received US$730 from Takawira.
It is alleged that on November 14, Zimbabwe Anti-Corruption Commission (Zacc) officers received a tip-off about the incident and went to Munamba business centre to investigate.
The Zacc officers recovered the remaining 55 bags from Takawira.