Business / Economy
Zimbabwe could benefit from the Walvis Bay Corridor
03 Jun 2011 at 14:42hrs | Views
The Walvis Bay Corridor Group recently presented the Walvis Bay Corridors as an alternative trade route for Zimbabwe to main political and business decision makers in Bulawayo.
This formed part of the Zimbabwe International Business conference which was hosted as part of the Annual Zimbabwe International Trade Fair.
The conference, as well as the general trading conditions in Zimbabwe, indicated that there is positive growth and development in the economy. There is also a sign of confidence from foreign investors to invest in the country.
The Walvis Bay Corridors serves as a alternative to link Zimbabwe to Europe, North America and South America. By using Walvis Bay as an alternative trade route for Zimbabwe, importers and exporters can save more than 10 days in transit time to markets in Europe and the Americas. Zimbabwean imports and exports have an option either to use the Transkalahari Corridor or TransCaprivi Corridor as the trade corridor linkage from Europe and the Americas.
Trade for Zimbabwe via the Walvis Bay port has been steadily increasing over the past 24 months. A large percentage of the commodities being transported along this corridor include frozen chicken, furniture, equipment, vehicles and other consumables.
The WBCG and Namport are working together with the Road Motor Services company in Zimbabwe, to develop the Zimbabwean Dry Port within the Port of Walvis Bay. It is earmarked that this facility will spearhead the growth of more imports and exports for the Zimbabwean market via Walvis Bay. This initiative forms part of the greater efforts of the WBCG to develop the Walvis Bay Corridor routes as the preferred trade route in SADC countries.
This formed part of the Zimbabwe International Business conference which was hosted as part of the Annual Zimbabwe International Trade Fair.
The conference, as well as the general trading conditions in Zimbabwe, indicated that there is positive growth and development in the economy. There is also a sign of confidence from foreign investors to invest in the country.
Trade for Zimbabwe via the Walvis Bay port has been steadily increasing over the past 24 months. A large percentage of the commodities being transported along this corridor include frozen chicken, furniture, equipment, vehicles and other consumables.
The WBCG and Namport are working together with the Road Motor Services company in Zimbabwe, to develop the Zimbabwean Dry Port within the Port of Walvis Bay. It is earmarked that this facility will spearhead the growth of more imports and exports for the Zimbabwean market via Walvis Bay. This initiative forms part of the greater efforts of the WBCG to develop the Walvis Bay Corridor routes as the preferred trade route in SADC countries.
Source - Walvis Bay
