Business urged to utilise Belarus links

26 Apr, 2019 - 00:04 0 Views
Business urged to utilise Belarus links VP Chiwenga

The Herald

Bulawayo Bureau
VICE President Constantino Chiwenga yesterday called on Zimbabwean businesses to grab investment and export opportunities presented by Belarus, which is exhibiting for the first time at the Zimbabwe International Trade Fair (ZITF), underway in Bulawayo this week.

Addressing delegates during the Zimbabwe-Belarus Business Forum at a local hotel, he said the visit by the Belarus business delegation comes against the backdrop of a visit by President Mnangagwa and the Zimbabwe National Chamber of Commerce (ZNCC) to Minsk in January.

“During the State visit, economic, political and cultural ties between the two countries received a major boost, following the signing of eight Memoranda of Understanding (MoUs).

“I entreat the two sister countries’ businesspeople to ensure that the Memoranda of Understanding are fully implemented,” he said.

“For the local private sector, here is your opportunity to expand your business horizons by organising yourselves to seize opportunities, which present themselves in terms of ancillary and complementary endeavours, such as provision of manpower, accommodation, food, transport, spares and equipment servicing.

“To our domestic investors, I challenge you to take advantage of this business forum and reform initiatives to expand the scope of your businesses.”

The MoUs covered areas such as mining, science, technology and innovation, trade and economic co-operation, procurement of agro-equipment and supply of fertiliser.

VP Chiwenga also recalled that when President Mnangagwa was still Vice President in July 2015, he secured a US$120 million export credit line for the supply of machinery and equipment for agriculture, dam construction and mining.

Zimbabwe has been receiving mining and agricultural equipment from Belarus as a result of the sound political and economic ties between the two countries.

VP Chiwenga said Government was committed to engaging investors from across the world to participate in different economic sectors under an enabling environment.

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