ZDA facilitates K1bn worth of export deals

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BUUMBA CHIMBULU writes

@SunZambian

THE Zambia Development Agency (ZDA) is expected to facilitate total projected export deals worth K1.1 billion by end of 2019.

ZDA acting director general, Matongo Matamwandi, said the agency had continued to make inroads into regional and international markets for Zambia’s non-traditional products (NTEs).

Top NTE markets for Zambia include among others, DR Congo, South Africa, Zimbabwe and China.

In a statement Mr Matamwandi said the agency was therefore expected to facilitate total projected export deals worth K1.1 billion by end of this year.

 “In terms of promoting NTEs, the agency undertook several promotion activities during the first half of 2019, and continued to make inroads into regional and international markets for Zambia’s non-traditional products,” he said.

Mr Matamwandi said during these export promotion activities, the agency facilitated export deals worth K881.56 million in form of on spot sales and business deals that were secured by the SMEs’ at various export promotion platforms.

He said participating at various export promotion platforms gave Zambian exporters enhanced visibility and exposure to increase export sales of Zambian products into foreign markets.

Meanwhile, Mr Matamwandi said ZDA had facilitated Business Development Support Services including incubation of 538 SMEs.

These involved product development in various sectors such as agriculture, manufacturing, textile and garments, leather, mining and tourism.

“The Agency linked numerous SMEs to large retail markets such as continental chain stores in Agro-processing and manufacturing. Additionally, the Agency made great strides to provide capital to SMEs’ in agriculture, construction and business services through the partner access to finance facilities,” he said.

Mr Matamwandi said ZDA in collaboration with the Bank of Zambia (BoZ) and Central Statistical Office (CSO), were currently conducting the 12th Private Capital Flows and Investors’ Perceptions Survey.

The Survey, he explained, would assess the extent to which these perceptions on Zambia’s investment climate, impact the level of investments and re-investments in t he country.

“These perceptions, once gathered will be reported back to government to inform policy formulation,” he said.

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