DUBAI – Zimbabwe is open for business and keen for new opportunities, was the clear message at the country’s Trade and Investment Conference at Expo 2020 Dubai on Thursday.
The talks at the Dubai Exhibition Centre focused on key export areas and ways to increase trade, investment and tourism, both between Zimbabwe and the UAE, and on a global level.
The main session, Zimbabwe is Open for Business, discussed opportunities based on agricultural and industrial development as well as infrastructure.
His Excellency Dr Anxious Masuka, Zimbabwe’s Minister of Lands, Agriculture, Fisheries, Water and Rural Settlement, said: “Zimbabwe’s economy is based on agriculture in particular, and we have a great diversity of climate, which allows for a diversity of crops throughout the year, as well as the production and breeding of a variety of livestock. We provide opportunities to export grain and sugarcane … We also have investment opportunities in fisheries and water resources, and many products such as macadamia, tea, apples and vegetables. There is no problem with land in Zimbabwe and investment is guaranteed by law."
Her Excellency Dr Sekai Nzenza, Zimbabwe’s Minister of Industry and Commerce, said the country had been able to reduce inflation in the past two years, creating a good backdrop for trade agreements, and added: “We have a multi-currency economy that allows the dollar alongside the local currency in cities and villages, so it is a suitable environment for transferring foreign money, and we are still working on many things, but we are declaring our readiness for trade and international agreements.”
Allan T Majuru, CEO, ZimTrade, said: "Trade is an essential feature of the UAE, especially Dubai, so we seek to be directly on the list of countries to which the UAE goes to, to obtain major products. At the same time, we are working to increase our productivity to face increased demand in the near future, and we seek today to strengthen relations and open our arms to new international cooperation.”
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