Zimbabwe entities eye more viable projects in DRC

By ZBC Reporter

ZIMBABWE is stepping up efforts to increase business and trade portfolios in the Democratic Republic of Congo to broaden foreign exchange inflows.  

National Trade Development and Promotion Organisation -ZimTrade Chief Executive Officer, Mr Allan Majuru revealed the importance of increased trade ties between the two countries at a DRC – Zimbabwe Trade and Investment seminar in Kinshasa this Tuesday.

We are basically here to see and identify the best projects that can yield returns this is part of Zimbabwe’s efforts to strengthen trade with DRC while focusing on growth of local entities,he said, he said.

DRC Minister of Commerce, Mr. Jean Lucien Bussa Togba outlined available opportunities for Zimbabwe.

 It is today in the economic field mainly that of investment and trade that the cooperation between our two countries intends to be most active in order to further consolidate our ties,noted Bussa.

Zimbabwe’s Ambassador to DRC, Mr Johannes Tomana called on the two countries to focus on fair and balanced terms of trade.

On the trade side statistics show that exports of agricultural products and minerals represent nearly 90 percent of total merchandise exports, in addition the volume of trade between the DRC and Zimbabwe remains very low our trade concerns a few primary products, he said.

Zimbabwe’s Deputy Minister of Foreign Affairs and International Trade, Dr David Musabayana reaffirmed government’s commitment to supporting local companies in venturing into the DRC market.

The momentum at which cooperation between our two countries is already shaping up is more than an attestation of the political and economic confidence driving our businessmen and women to excel  in every sphere of economic development, highlighted Musabayana..

A Zimbabwean delegation comprising private sector and government officials is in DRC on a trade and investment mission.