News / National
Zimbabwe seeks joint partnerships with South Africa
08 Jul 2016 at 07:02hrs | Views
THE Ministry of Industry and Commerce will lead a business delegation to South Africa later this month to scout for joint venture partnerships, markets and lines of credit.
The Deputy Minister of Industry and Commerce, Ms Chiratidzo Mabuwa, will lead the delegation that comprises executives from the manufacturing, mining, infrastructure, tourism and services sectors.
In a letter addressed to the Confederation of Zimbabwe Industries (CZI) chief executive officer, Mr Clifford Sileya, the ministry said the delegation would be in the neighbouring country from July 18-22.
"The objectives of the mission will be to scout for joint venture partnerships, credit lines as well as find markets for Zimbabwean products in South Africa," reads the note, which was seen by Chronicle Business.
South Africa is Zimbabwe's major trade and investment partner with the two countries enjoying cordial bilateral relations that date back to the pre-independence period.
Last month another trade delegation, also led by Ms Mabuwa, went to Japan to cement business and investment relations.
Japanese companies were invited to explore business opportunities in Zimbabwe. It is understood that some local companies entered into a partnership with Japanese automobile makers that will see over 500 new and reconditioned vehicles as well as 10,000 tractors being shipped here for sale to locals on credit in the next six months.
Meanwhile, CZI will avail exhibition space to the business community during its annual congress later this month.
During the congress, the Minister of Industry and Commerce, Mr Mike Bimha and other Cabinet ministers will tour the exhibition stands.
The Deputy Minister of Industry and Commerce, Ms Chiratidzo Mabuwa, will lead the delegation that comprises executives from the manufacturing, mining, infrastructure, tourism and services sectors.
In a letter addressed to the Confederation of Zimbabwe Industries (CZI) chief executive officer, Mr Clifford Sileya, the ministry said the delegation would be in the neighbouring country from July 18-22.
"The objectives of the mission will be to scout for joint venture partnerships, credit lines as well as find markets for Zimbabwean products in South Africa," reads the note, which was seen by Chronicle Business.
South Africa is Zimbabwe's major trade and investment partner with the two countries enjoying cordial bilateral relations that date back to the pre-independence period.
Last month another trade delegation, also led by Ms Mabuwa, went to Japan to cement business and investment relations.
Japanese companies were invited to explore business opportunities in Zimbabwe. It is understood that some local companies entered into a partnership with Japanese automobile makers that will see over 500 new and reconditioned vehicles as well as 10,000 tractors being shipped here for sale to locals on credit in the next six months.
Meanwhile, CZI will avail exhibition space to the business community during its annual congress later this month.
During the congress, the Minister of Industry and Commerce, Mr Mike Bimha and other Cabinet ministers will tour the exhibition stands.
Source - chronicle
