Wednesday, 8th April 2020

Asian representation at ZITF up

A record number of foreign firms are exhibiting at this year’s 53rd edition of the Zimbabwe International Trade Fair (ZITF) which begun in Bulawayo yesterday.
“Everything seemed to be very organised. A lot of people are coming here and we hope that it’s going to be fruitful,” said the Italian Assistant Cultural Attaché, Robyn Koen.
Italy, which had last participated at ZITF in 2004.
Koen said her country was exhibiting all the eleven Italian companies that included Pirelli Tyres, Red Ganiti, Fiat and among others.
The Italian official said they were back at the ZITF after being lured by the investment opportunities in the country.
“It has been 8 years since we last exhibited and we are back here as business in Zimbabwe is improving.
“We want to promote investment into the country and with the stabilisation of the economy there are now lots of investment opportunities,” said Koen.
Other foreign companies are from Poland, Germany, Namibia, Pakistan, South Africa and China.
China is represented by 35 companies.
Russia and India withdrew from the event.
Indonesian had also a number of companies one of them a producer of high security products such as money, driving license, passports, visa among others.
In an interview, the Indonesia’s Deputy Ambassador to Zimbabwe Kusnaredi Takarijanto said Zimbabwe had vast investment opportunities Indonesia could venture into.
“We are here because Zimbabwe is growing. Its economy is one the fastest growing in the region and we believe Zimbabwe will be a good country to do business in,” he said.
Takarijanto said they were looking for investment opportunities in all sectors of Zimbabwe’s economy.
“We hope that Zimbabwe and their Indonesian counterparts could take advantage of this opportunity and forge business ties because we do believe Zimbabwe’s economy will grow big.” Takarijanto said.
This year’s exhibition will be running under the theme, “Investing Locally, Reaping Globally."
The total area booked at this fair is occupied by 468 direct exhibitors, 37 of which are foreign.
Zambia’s president, Michael Sata will officially open the exhibition on Friday 27 April.
An International Business Conference will also be running concurrently with the ZITF under the theme.
“Investing Locally, Building Local Capacity and Reaping Dividends Globally: Turning a Rich Resource-Base into an Industrial Hub.”
-Daily News

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