Story by Theophilus Chuma
ZIMBABWE is targeting to generate at least US$30 million in business deals at this year’s Democratic Republic of Congo (DRC) Mining Week, scheduled to run from 17 to 19 June.
The premier regional mining exhibition and conference presents a strategic opportunity for Zimbabwean companies to expand exports, forge new partnerships and tap into one of Africa’s fastest-growing mining markets.
The event is expected to attract more than 1 000 exhibitors, investors, mining executives and industry stakeholders from across the globe, providing a platform for business networking and market expansion.
Speaking ahead of the event, ZimTrade Market Analyst Ms Lorraine Muzadzi said the DRC remains a key export destination for Zimbabwe, particularly for engineering products, mining consumables and technical services.
“For Zimbabwe, this platform is pivotal because we have a lot to offer the DRC market. The country continues to expand its mining sector and is also strengthening its agricultural industry, which supports the mining value chain. Zimbabwean companies are well positioned to supply engineering products, engineering services and mining consumables required by that growing market,” she said.
Ms Muzadzi noted that Zimbabwe’s participation at the annual mining showcase has contributed significantly to export growth over the years.
“The DRC market has grown into a major destination for Zimbabwean exports. Since our participation began, exports to the DRC have increased substantially. Statistics show that exports which were around US$26 million a few years ago have now surpassed US$130 million. This demonstrates the growing importance of the DRC market and the opportunities available for Zimbabwean businesses,” she said.
Building on last year’s success, where participating Zimbabwean companies secured business deals worth approximately US$24 million, ZimTrade is optimistic that this year’s delegation will surpass that figure.
“For this year’s edition, we are targeting business worth more than US$30 million. Considering the calibre and diversity of companies participating, we are confident of achieving that target,” Ms Muzadzi added.
The DRC Mining Week is one of Africa’s leading mining conferences and exhibitions, bringing together industry leaders to discuss investment opportunities, technological innovation, sustainability and the future of the mining sector.
According to ZimTrade, export earnings generated through participation at the platform have grown significantly over the years, rising from just over US$1 million in 2018 to US$24 million recorded last year.
The anticipated increase in business deals aligns with Zimbabwe’s broader export growth strategy and efforts to strengthen trade relations within the region under the Second Republic’s economic diplomacy and industrialisation agenda.
