Staff Reporter
Government is intensifying its efforts to strengthen the export sector, with a focus on supporting small and medium-sized enterprises (SMEs).
Addressing attendees at the ZimTrade Annual Buyers Seminar, Permanent Secretary of the Ministry of Foreign Affairs and International Trade, Albeit Chimbindi, highlighted the government’s ongoing initiatives aimed at enhancing the quality of local products to boost Zimbabwe’s presence in international markets.
“Government is committed to positioning Zimbabwe as a reliable trading partner, ensuring that local products meet international standards. We are dedicated to providing quality products that will broaden our market share globally. Several policies have been designed to support the export sector, with a special focus on women and youth-led SMEs,” he said
He pointed out that capacity-building initiatives like ZimTrade’s Eagles’ Nest program have enabled many SMEs to improve their operations and expand their export growth.
“Such programs are crucial for empowering businesses to scale up production and enhance product quality. We have seen remarkable progress from SMEs, and we urge them to leverage the opportunities provided through platforms like this seminar,” he added.
Speaking to this publication on the sidelines, Tapiwa Muguti, Head of Trade at Stanbic Bank, echoed the Permanent Secretary’s remarks, emphasizing the importance of trade in driving economic growth.
“For us, fostering trade is about more than business; it’s about contributing to the country’s development. Zimbabwe must produce and export competitively to sustain growth, and that Stanbic Bank is committed to supporting businesses, especially SMEs,” Muguti said.Muguti highlighted that the bank offers tailored support for SMEs, youth, and women-led enterprises, including resources to help these businesses upgrade their operations to meet international standards.
“Our flexible and innovative solutions are designed to help companies expand, ensuring that Zimbabwean products can compete globally,” he noted.
In addition, Mr. Ebuka Ukoka from Angola, who attended the seminar, commended Zimbabwe’s approach to supporting SMEs.
“Such efforts are vital not only for Zimbabwe’s growth but also for regional development, as they strengthen trade partnerships within Southern Africa,” Mr Ukoka emphasized
As the ZimTrade Buyers Seminar continues, Zimbabwe’s focus on capacity building, export incentives, and collaboration with the private sector demonstrates its commitment to expanding its export sector. With the support of both local and international stakeholders, Government is setting the stage for sustainable economic growth driven by increased exports and enhanced product quality.
